President Donald Trump has nominated SEC official Michael Selig to chair the CFTC, focusing on crypto policies. The move is pending Senate approval and comes amid open seats at the agency. Selig and White House crypto czar David Sacks confirmed the nomination, aiming to make the US a “crypto capital.”

The nomination occurs during a US government shutdown due to a funding bill disagreement. The Senate can still pass legislation, including potential digital asset market structure bills. Lawmakers may prioritize a continuing resolution for government funding. The CFTC has been operating with only acting Chair Caroline Pham since September.

Former CFTC Chair Chris Giancarlo, known as “crypto dad,” expressed concerns about the agency’s ability to implement required rulemaking without a full commission. The White House has not announced any other nominations for CFTC leadership. Reports suggest Nathan Anonick and Paul Balzano are being considered.

Read more at Cointelegraph: Michael Selig Confirms CFTC Nomination, but Questions Linger