CFTC has one commissioner amid crypto regulation debate
The CFTC currently has only one commissioner, Michael Selig, after the resignation of acting chair Caroline Pham in December 2025.
Selig has taken many positions aligning with the administration’s policies, including claiming jurisdiction over prediction markets.
The CLARITY Act, which would give the CFTC more authority in overseeing digital asset markets, is set for a potential floor vote in the Senate.
Lawmakers are considering the bill’s implications for crypto users and companies amid the lack of leadership at the CFTC.