Michael Selig comes from the Giancarlo “Crypto Dad” lineage, the camp that has long argued Bitcoin is a commodity, not a security.
He’s been openly critical of regulation-by-enforcement and has pushed for clear market structure instead of political crackdowns on open-source tech.
At the SEC, he saw firsthand how badly #Bitcoin got lumped in with scams and securities.
His position has been consistent, focus enforcement on fraud and manipulation, not developers, miners, or people simply using Bitcoin as money.
Is he a Bitcoiner? No. Is he hostile to Bitcoin? Also no.
For the first time in a while, the CFTC chair isn’t starting from a position of adversarial ignorance.
That’s directionally very bullish for Bitcoin in the U.S.
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