Cboe Global Markets issued a statement on December 19 2025 congratulating Michael Selig on his confirmation as Chairman of the Commodity Futures Trading Commission (CFTC). The confirmation itself took place on December 18 2025, when the U.S. Senate approved Selig by a 53‑43 vote. CEO Craig Donohue praised Selig’s deep experience across financial markets and his balanced regulatory approach, noting that the new chair’s background would support the continued evolution of derivatives markets.
Selig’s career—most recently as chief counsel to the SEC’s Crypto Task Force and earlier as a former CFTC staffer—signals a pro‑crypto stance. His appointment is expected to bring clearer rules for digital assets, potentially accelerating the development of spot cryptocurrency exchange‑traded funds and the regulation of decentralized finance. Analysts view the confirmation as a positive step toward regulatory clarity that could boost institutional participation in crypto markets.
Cboe highlighted that Selig’s experience will help strengthen market resilience and enhance the investor experience. The company thanked outgoing Acting Chair Caroline Pham and expressed readiness to collaborate with the new chair to further strengthen the integrity of U.S. derivatives markets. The statement underscores the broader industry anticipation that Selig will help shape legislation expanding the CFTC’s authority over digital commodities.
The announcement reflects a pivotal moment for the derivatives and crypto industries, as the new chair’s leadership is expected to influence forthcoming rulemaking and legislative efforts. By providing clearer regulatory guidance, Selig’s confirmation could reduce uncertainty for market participants and foster innovation while maintaining investor protection.
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