CFTC Chair Michael Selig says Trump administration aims to build new finance frontier in US

Michael Selig, the newly installed chairman of the Commodity Futures Trading Commission, is positioning the agency as a cornerstone of the Trump administration’s crypto strategy. In recent remarks, Selig declared that the administration is working to develop what he called the “new frontier of finance” in the United States, a phrase that signals a sharp pivot from the enforcement-heavy approach that defined crypto regulation in recent years. Selig, who was confirmed by the Senate on December 18 and sworn in on December 22, 2025, currently serves as the CFTC’s sole commissioner. That’s not a bureaucratic footnote. It means one person holds unilateral authority over key regulatory decisions affecting prediction markets, derivatives, and a growing slice of the digital asset universe. From enforcement to invitation His solution is an initiative called Project Crypto, designed to harmonize oversight between the CFTC and SEC. Think of it as a regulatory ceasefire between two agencies that have spent years in a jurisdictional tug-of-war over which digital assets fall under whose purview. Instead of fighting over territory, the goal is to create a shared framework that gives companies clea...