Mike Selig, a senior official at the U.S. Securities and Exchange Commission (SEC), is reportedly a top contender to lead the Commodity Futures Trading Commission (CFTC). Known for his advocacy of cryptocurrency, Selig has been instrumental in shaping the SEC's cryptocurrency task force and 'Project Crypto.' His potential appointment is seen as a move towards a more collaborative regulatory environment for digital assets in the U.S. Industry figures, including Evan Weiss, COO of Alluvial, have commended Selig's balanced approach to digital asset regulation. His leadership could mark a shift in U.S. crypto regulation, focusing on transparency and building institutional trust, aligning with market demands.