According to Bloomberg, an anonymous government official revealed that President Donald Trump has nominated Michael Selig to serve as Chairman of the Commodity Futures Trading Commission (CFTC). Selig served as Chief Legal Counsel to the U.S. Securities and Exchange Commission's (SEC) Cryptocurrency Task Force and has served as Assistant to SEC Chairman Paul Atkins. During this time, Selig worked to align the SEC and CFTC's approaches with various sectors of the financial and cryptocurrency industries. Earlier in his career, Selig was a partner in Willkie Farr & Gallagher's asset management business.