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Trump Set to Nominate Michael Selig as New CFTC Chair After Quintenz’s Withdrawal

U.S. President Donald Trump is preparing to nominate Michael Selig as the next chair of the Commodity Futures Trading Commission (CFTC), following the withdrawal of Brian Quintenz’s nomination. Bloomberg first reported the development, citing an unnamed official within the Trump administration. An official announcement has not yet been made. Selig’s Crypto Background and Role at SEC Michael Selig currently serves as chief counsel for the Securities and Exchange Commission’s (SEC) crypto task force and senior adviser to SEC Chair Paul Atkins. He has earned a reputation as a “pro-crypto” regulator, a label welcomed by many in the digital asset community. Selig’s potential appointment is being viewed by industry participants as a sign of continuity in Trump’s growing focus on cryptocurrency regulation. Analysts believe that his experience bridging financial regulation and crypto innovation could help define the next phase of U.S. digital asset policy. Nomination Shift After Quintenz Withdrawal The CFTC nomination process has faced delays since September. Brian Quintenz, Trump’s initial pick, withdrew his name following reported pressure from the Gemini crypto exchange co-founders, Tyler and Cameron Winklevoss. Quintenz later confirmed he would return to the private sector, ending speculation about his role in the administration. Trump has considered transferring greater responsibility for cryptocurrency oversight to the CFTC since early 2024. Under his administration’s “Working Group on Digital Assets,” the CFTC and SEC are expected to share joint responsibility for regulating various types of crypto assets. Policy Framework for Digital Assets The Working Group’s July report recommended assigning oversight of spot crypto markets to the CFTC, recognizing most cryptocurrencies as commodities rather than securities. In contrast, digital assets categorized as securities — such as tokenized bonds or stock-like instruments — will remain under SEC jurisdiction. This split aims to clarify how different types of tokens are regulated and prevent overlapping mandates. Joint SEC–CFTC Cooperation Intensifies In September, the two agencies issued a joint statement pledging to “harmonize” their crypto regulatory frameworks. Legal experts described the move as a major step toward reducing uncertainty and building a more cohesive approach to U.S. crypto oversight. The CFTC also launched a “crypto sprint” in August to fast-track policy actions based on the White House Working Group’s recommendations. These initiatives have fueled speculation that the SEC and CFTC could eventually merge into a single body. However, SEC Chair Paul Atkins dismissed that notion, clarifying that only Congress or the U.S. president has the authority to merge the agencies. Bitcoin.com

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Bitcoin Accumulator Capital B The Most Underrated BTC Treasury – Here’s Why

In the rapidly evolving landscape of corporate Bitcoin treasuries, certain names often dominate the headlines, celebrated for their pioneering strategies in accumulating BTC. As institutional adoption continues its march, Capital B is emerging as BTC’s most overlooked institutional treasury, prompting a critical re-evaluation of who the true quiet accumulators in the BTC space really are. Capital B Influence On Bitcoin Supply Dynamics Bitcoin treasury strategy is often characterized by big names and loud announcements, but the most compelling strategy is executed in silence. According to an analyst known as Zynx on X, Capital B is the most underrated BTC treasury in the market today. Despite being super volatile and heavily shorted, the company continues to add BTC per share. He also stated that Capital B raised €58 million at a 2.35 mNAV during a collapsing market. However, the involvement of backers like TOBAM and the infiltration of the life insurance market in France are extremely promising. Meanwhile, the innovation of the Bitcoin-denominated convertible bond is arguably one of the best pieces of financial engineering developed in the space, aside from Strategy’s pioneering work. Zynx believed that the wider BTC treasury space is neglecting Capital B. Since a proper US OTC listing is not happening anytime soon, the immense liquidity and attention of the American retail and institutional market have not fully flowed over to the stock. Also, during one of Alexandre Laizet’s French-language livestreams, over 1,400 listeners tuned in concurrently. “Every few weeks, I like to make a post like this just to make it known that I might not talk about Capital B every day, but it’s certainly one of my favourite stocks that I’ve been adding all the way down. I’m backing them to be the best-performing European equity over the next 5 years.” Zynx mentioned. Is Bitcoin Becoming The Digital Gold Investors Hope For? A market analyst and investor who is known for his focus on Bitcoin, Davide, has revealed that BTC is starting to act less like a volatile tech stock and increasingly like a true macro hedge. Despite the recent Consumer Price Index (CPI) uptick in inflation, BTC held firm near $110,000, showing resilience, while gold has also stayed steady during this period. Presently, it appears that the markets across the board are signaling a shared understanding that inflation isn’t re-accelerating, the prospect of rate cuts remains on the table, and liquidity is still very much alive within the financial system. According to the expert, BTC’s calm reaction reflects growing maturity and confidence in long-term holders. Bitcoin.com