In October 2025, President Donald Trump nominated Selig to chair the CFTC, around a month after the White House rescinded its nomination of Brian Quintenz for the role.[6] Selig was confirmed by the Senate on December 18, 2025 and sworn in on December 22. After his confirmation, the single remaining CFTC Commissioner, Caroline Pham, resigned, leaving Selig as the only Commissioner on the normally five-person Commission.[7]
Selig has publicly supported prediction markets. In February 2026, he announced that the CFTC would file an amicus brief in support of Crypto.com in its litigation against the state of Nevada, arguing that the CFTC has exclusive regulatory authority over prediction market exchanges, thereby preemptingstate gaming regulators.[8][9][10]
