David Sacks: Trump appointed Mike Selig as the chairman of the CFTC to advance the modernization of U.S. Crypto Assets regulation.

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[David Sacks: Trump Appoints Mike Selig as CFTC Chairman to Advance U.S. Crypto Assets Regulation Modernization] White House Crypto Assets and AI Director David Sacks stated that President Trump’s appointment of Mike Selig to lead the Commodity Futures Trading Commission (CFTC) is an excellent choice. Anyone who knows him can attest that Mike Selig not only possesses deep expertise in financial markets but is also actively committed to modernizing regulatory approaches to maintain the competitiveness of the United States in the era of digital assets. Mike not only played a key role in advancing the President's Crypto Assets agenda as the Chief Legal Advisor of the U.S. SEC's Crypto Assets Special Working Group; he also worked at the U.S. CFTC during the tenure of former Chairman Chris Giancarlo, which allowed him to accumulate rich experience in the traditional commodities market. On behalf of the Presidential Digital Assets Working Group, Patrick Witt and I look forward to continuing to work with Mike to fulfill President Trump's commitment - to make the United States a global Crypto Assets hub.

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