Trump has decided to nominate Michael Selig as the new chair of the Commodity Futures Trading Commission (CFTC), according to Bloomberg. Selig currently serves as the chief legal advisor for the SEC's cryptocurrency task force. His nomination will require Senate approval. This marks Trump's second attempt to appoint a CFTC chair, following the unsuccessful nomination of Brian Quintenz, which was blocked by opposition from Gemini co-founder Tyler Winklevoss.