President Donald Trump has nominated Mike Selig, a senior official from the SEC's crypto task force, to head the U.S. Commodity Futures Trading Commission (CFTC). Selig's nomination follows the unsuccessful confirmation of previous nominee Brian Quintenz. The CFTC is poised to play a pivotal role in the regulation of digital assets, with Congress considering legislative changes that could expand its authority. White House Crypto Czar David Sacks endorsed Selig, highlighting his expertise in both traditional commodities and digital assets. The CFTC, known for its relatively crypto-friendly stance compared to the SEC, is under scrutiny as its role in overseeing spot trading of digital assets is debated in legislative circles.