U.S. Senate has officially confirmed Mike Selig as the new Chair of the Commodity Futures Trading Commission (CFTC). Selig's appointment marks a significant shift in the regulatory landscape for digital assets, given his pro-cryptocurrency stance. As CFTC Chair, he will oversee the commission's oversight of futures markets and play a pivotal role in shaping crypto derivatives regulation in the United States. The confirmation signals potential regulatory clarity and a more favorable environment for the crypto industry's institutional growth.