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BREAKING: Trump’s crypto move could send shockwaves through the market 🤯🚀💰
lmfao Trump out here playing 4D chess with the CFTC chair nomination?! 🚀🤡
trump putting a pro-crypto guy in charge of CFTC: buckle up for potential SEC-CFTC bromance on crypto regs
**TLDR:**
🔹 US President Trump set to nominate Michael Selig as CFTC chairman, replacing Quintenz.
🔹 Selig’s potential leadership could enhance SEC and CFTC collaboration on crypto regulation, signaling changes in digital asset oversight.
**Michael Selig’s SEC Experience:**
🔹 Selig led SEC’s Crypto Task Force, gaining expertise in digital asset regulation.
🔹 Known as “pro-crypto,” his CFTC presidency nomination requires Senate approval.
**CFTC’s Crypto Regulation Role:**
🔹 CFTC aims to oversee crypto spot markets while SEC regulates tokenized securities.
🔹 White House Task Force recommends a streamlined approach for clearer crypto market regulation.
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