The U.S. Senate has confirmed Mike Selig as the new chair of the Commodity Futures Trading Commission (CFTC), succeeding interim head Caroline Pham. Selig's appointment is anticipated to influence the direction of cryptocurrency regulation, particularly as the agency continues its efforts in Countering the Financing of Terrorism. During her interim tenure, Pham advocated for a more assertive approach to crypto policy, a stance that may evolve under Selig's leadership. The role of Bitcoin as a hedge against inflation remains a significant topic in ongoing regulatory discussions.