White House reevaluates CFTC chair nomination to expand candidate list

According to Wu, the White House is reevaluating the nomination for the Commodity Futures Trading Commission (CFTC) chairperson as Brian Quintenz's confirmation process stalled. The candidate list has expanded to several government officials with background in crypto policy, people familiar with the matter said. Including Michael Selig, chief legal counsel for the SEC encryption special group, and Tyler Williams, crypto adviser for the Finance Minister, who worked for Galaxy Digital. Under proposed legislation by Congress, the CFTC is expected to gain greater authority in the digital asset space, currently led only by Acting Chairman Caroline Pham.