US Senate to Grill CFTC Nominee on Cryptocurrency Regulation

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author: CryptoNews

date: November 19, 2025

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The US Senate is gearing up to question Michael Selig, the nominee for Chairman of the Commodity Futures Trading Commission (CFTC), about cryptocurrency regulation during his confirmation hearing, Reuters reports. Scheduled for the 19th, the hearing is expected to delve into Selig's views on the evolving digital asset landscape. Key topics likely to be addressed include the CFTC's role in regulating cryptocurrency markets, particularly concerning which digital assets fall under its jurisdiction. Senators will also likely probe Selig on how the CFTC plans to cooperate with the Securities and Exchange Commission (SEC) to avoid regulatory overlap and ensure investor protection. Regulation of prediction markets will also be discussed. Selig's background as Senior Legal Counsel for the SEC's Cryptocurrency Task Force positions him as a knowledgeable figure in the crypto space. Upon Senate confirmation, he will formally assume the role of CFTC Chairman, leading the agency's efforts in navigating the complexities of cryptocurrency oversight. The hearing's outcome could significantly shape the future of crypto regulation in the United States. ```