Michael S. Selig
Michael Selig | |
|---|---|
| Chair of the Commodity Futures Trading Commission | |
| Assumed office December 22, 2025 | |
| President | Donald Trump |
| Preceded by | Caroline Pham (acting) |
| Commissioner of the Commodity Futures Trading Commission | |
| Assumed office December 22, 2025 | |
| President | Donald Trump |
| Preceded by | Christy Goldsmith Romero |
| Personal details | |
| Education | Florida State University (BS) George Washington University (JD) |
Michael S. Selig (/ˈsiːlɪɡ/ SEE-lig) is an American lawyer who has served as Chair of the Commodity Futures Trading Commission (CFTC) since December 22, 2025.[1]
Early life and education
Selig earned an undergraduate degree from Florida State University. He attended law school at George Washington University Law School, during which time he was articles editor for The George Washington Law Review.[2]
Career
Selig worked as a law clerk for Commissioner J. Christopher Giancarlo at the Commodity Futures Trading Commission from 2014 to 2015.[3] He was a partner at Willkie Farr & Gallagher from 2022 to 2025, where he represented cryptocurrency industry clients including eToro and Paradigm.[1][4][5]
Public service
In 2025, Selig became chief counsel for the cryptocurrency task force at the Securities and Exchange Commission (SEC) and a senior adviser to Chairman Paul S. Atkins.[2][4]
CFTC
In October 2025, President Donald Trump nominated Selig to chair the CFTC, around a month after the White House rescinded its nomination of Brian Quintenz for the role.[6] Selig was confirmed by the Senate on December 18, 2025 and sworn in on December 22. After his confirmation, the single remaining CFTC Commissioner, Caroline Pham, resigned, leaving Selig as the only Commissioner on the normally five-person Commission.[7]
Selig has publicly supported prediction markets. In February 2026, he announced that the CFTC would file an amicus brief in support of Crypto.com in its litigation against the state of Nevada, arguing that the CFTC has exclusive regulatory authority over prediction market exchanges, thereby preempting state gaming regulators.[8][9][10]
References
- ^ a b Beyoud, Lydia (December 19, 2025). "Senate Confirms Selig as Chief of CFTC and Hill to Run FDIC". Bloomberg. Retrieved January 8, 2026.
- ^ a b "Michael Selig Sworn In as 16th CFTC Chairman" (Press release). Commodity Futures Trading Commission. December 22, 2025. Retrieved January 8, 2026.
- ^ Harty, Declan (October 1, 2025). "Crypto regulator Mike Selig emerges as lead contender to chair CFTC". Politico. Retrieved January 8, 2026.
- ^ a b Harty, Declan (October 25, 2025). "Trump taps crypto regulator Mike Selig as new CFTC chair nominee". Politico. Retrieved January 8, 2026.
- ^ "Willkie Alum Michael Selig Confirmed as 16th CFTC Chairman" (Press release). Willkie Farr & Gallagher. December 19, 2025. Retrieved January 8, 2026.
- ^ Mancini, Ryan (October 25, 2025). "Trump taps crypto regulator Mike Selig to run CFTC after pulling nominee". The Hill. Retrieved January 8, 2026.
- ^ Miller, Ben (December 31, 2025). "Trump's Wall Street Regulators Set to Enter Rare GOP-Only Era". Bloomberg Law. Retrieved January 8, 2026.
- ^ Harty, Declan (February 18, 2026). "'He's jumping in all the way': A Trump financial regulator backs prediction markets in their clash against states". Politico. Retrieved March 19, 2026.
- ^ Tokar, Dylan (February 21, 2026). "Meet the Trump Official Fighting for Prediction Markets". The Wall Street Journal. Retrieved March 19, 2026.
- ^ Davis, Daniel J.; Kennedy, Carl E.; Kim, Alexander C.; Katten (February 18, 2026). "CFTC Makes Affirmative Case for Event Contract Federal Oversight". The National Law Review. Retrieved March 19, 2026.