[SEC Cryptocurrency Advisor Mike Selig Still a Top Candidate for CFTC Chair]
According to sources, Mike Selig, Chief Legal Advisor of the SEC Cryptocurrency Task Force, remains the leading candidate to succeed as CFTC Chair. The White House is reviewing potential commissioner candidates to rebuild the five-member commission, which is currently led solely by Acting Chair Caroline Pham. Previously, industry groups urged the nomination of crypto-friendly candidates. Selig, who has served at the CFTC and possesses extensive policy coordination experience, is seen as a key figure in advancing regulatory alignment between the SEC and CFTC.