Monday, October 13, 2025

Next CFTC Chair: Who Will Steer Crypto Regulation in the US?

The hunt for the next CFTC chair heats up as the White House considers several candidates with varying views on crypto regulation.

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Next CFTC Chair: Who Will Steer Crypto Regulation in the US?

The Ongoing Search for a CFTC Leader

The Commodity Futures Trading Commission (CFTC), a key regulatory body in the United States, is still without a permanent chairperson, despite being almost a year into the second term of a presidential administration. This vacancy, occurring at a time of burgeoning interest in cryptocurrency and the potential for increased regulatory oversight, has amplified the importance of who will ultimately be selected. Several individuals are reportedly being considered, each with a unique background and perspective on the evolving landscape of digital assets.

Source: NCUA
Source: NCUA

Potential Candidates Emerge

Among the frontrunners, Michael Selig, currently chief counsel to the Securities and Exchange Commission’s Crypto Task Force, has emerged as a possible candidate. His past experience at law firms specializing in digital assets offers insights into his potential approach. Another name being discussed is Tyler Williams, a counselor to the US Treasury Secretary, who has been advising on digital assets and blockchain technology policy. His involvement in the White House’s crypto report signals a familiarity with the subject.

Source: TRM Labs
Source: TRM Labs

Former CFTC commissioner Jill Sommers is also under consideration. Sommers’ experience in the derivatives market and her previous role at the CFTC could bring a valuable perspective. Meanwhile, Kyle Hauptman, the current chairman of the National Credit Union Administration, represents a candidate with experience navigating regulatory terrain, and potentially an openness to embracing new technologies. Josh Stirling, a partner at Milbank and a specialist in derivatives, rounds out the list, representing a candidate with a legal and financial background that could influence the direction of crypto regulation.

The Crypto Industry’s Stakes

The cryptocurrency industry is watching these developments closely, particularly as the market infrastructure bill makes its way through Congress. This legislation would provide the CFTC with significant regulatory oversight. The viewpoints and potential actions of the next CFTC chair will undoubtedly shape the future of digital asset markets. The choices made will have wide-ranging implications, potentially impacting innovation, investor protection, and the overall growth trajectory of the crypto space.

Source: PLI
Source: PLI

A Regulatory Shake-Up?

An unusual proposal, the consolidation of the CFTC and SEC, has also been considered. This could mean the head of the SEC also leading the CFTC. However, there are numerous potential legal and ethical challenges. Combining the agencies could raise concerns regarding the centralization of power, potentially impacting efficiency and good governance.

The Path Ahead

The nomination process is not always a quick one. A pro-crypto CFTC chair could still be a long way off. The crypto community eagerly anticipates the White House’s selection, hoping that the chosen leader will possess the knowledge and insight to foster responsible innovation while protecting investors. The decision will be one of the most pivotal choices regarding the future of cryptocurrency regulation in the United States.

Source: Medium
Source: Medium
Source: Chambers and Partners
Source: Chambers and Partners
James Reynolds
James Reynolds
James Reynolds is a legal analyst focusing on regulatory news and compliance within the cryptocurrency industry. His comprehensive coverage of legal developments helps businesses and investors navigate the evolving regulatory landscape.

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