According to @EleanorTerrett, the Senate Agriculture Committee will vote this afternoon to advance the nomination of @MikeSeligEsq for CFTC Chair, and if approved the nomination moves to a final vote by the full U.S. Senate (source: @EleanorTerrett on X, Nov 20, 2025). The CFTC is the primary U.S. regulator for derivatives markets, including Bitcoin (BTC) and Ether (ETH) futures listed on U.S. exchanges (source: U.S. Commodity Futures Trading Commission; CME Group). The CFTC Chair sets the Commission’s rulemaking and enforcement agenda that governs market participants and exchanges, making today’s committee vote and any subsequent Senate floor vote key headline windows for traders of crypto-linked derivatives (source: U.S. Commodity Futures Trading Commission; @EleanorTerrett on X).

According to @iampaulgrewal, Mike Selig participated in a nomination hearing for CFTC Chair and was described as pro-innovation and pro–market structure, with a call for swift confirmation. Source: @iampaulgrewal on X, Nov 19, 2025. The CFTC regulates U.S. derivatives markets and has stated it oversees digital asset derivatives and polices spot-market fraud and manipulation, including identifying BTC and ETH as commodities in enforcement and testimony. Source: U.S. Commodity Futures Trading Commission public statements and enforcement posture; Testimony of CFTC Chair Rostin Behnam before the U.S. Senate Agriculture Committee, 2023. CME lists Bitcoin (BTC) and Ether (ETH) futures and options that fall under CFTC oversight, making leadership outcomes relevant for U.S. crypto derivatives market structure. Source: CME Group product listings; U.S. Commodity Futures Trading Commission oversight of derivatives markets. No policy change was announced in the post; confirmation remains pending, and any adjustments to crypto derivatives oversight would occur through formal CFTC actions such as rulemaking, staff guidance, or enforcement. Source: @iampaulgrewal on X, Nov 19, 2025; U.S. Commodity Futures Trading Commission rulemaking and guidance procedures.

According to @EleanorTerrett, a Senate hearing opened with @giancarloMKTS introducing nominee @MikeSeligEsq and offering praise, an uncommon format for such proceedings. Source: @EleanorTerrett, X (Twitter), Nov 19, 2025. According to @EleanorTerrett, she has watched many Senate hearings and has not previously seen a nominee introduced by an emcee. Source: @EleanorTerrett, X (Twitter), Nov 19, 2025. According to @EleanorTerrett, Mike Selig clerked for Giancarlo early in his career. Source: @EleanorTerrett, X (Twitter), Nov 19, 2025. According to @EleanorTerrett, the post does not include policy specifics or market guidance from the hearing. Source: @EleanorTerrett, X (Twitter), Nov 19, 2025.

According to @EleanorTerrett, the Senate Agriculture Committee has scheduled a nomination hearing next Wednesday for Mike Selig to lead the CFTC (source: @EleanorTerrett). She also noted the U.S. government is expected to be open again next week, setting conditions for the hearing to proceed on schedule (source: @EleanorTerrett). For traders, this establishes a specific regulatory headline to monitor that could influence positioning and liquidity around U.S.-listed crypto derivatives into and immediately after the hearing (source: @EleanorTerrett).

According to @EleanorTerrett, CFTC Acting Chair Caroline D. Pham confirmed via X that Mike Selig is the White House nominee to replace her at the helm of the agency. Source: x.com/EleanorTerrett/status/1982105023187501100; x.com/CarolineDPham/status/1982088937376997558. The CFTC is the primary U.S. regulator for derivatives markets, including digital asset derivatives, and its Chair is nominated by the President and confirmed by the Senate, making leadership changes directly relevant for compliance and rulemaking that affect trading venues. Source: cftc.gov/About/AboutTheCFTC; cftc.gov/About/Commissioners. Bitcoin (BTC) and Ether (ETH) futures and options are listed on CME and fall under CFTC oversight, so traders in crypto derivatives should track policy and supervisory signals during the nomination and confirmation process. Source: cmegroup.com/markets/cryptocurrencies/bitcoin/bitcoin.html; cmegroup.com/markets/cryptocurrencies/ether/ether.html; cftc.gov/IndustryOversight/TradingOrganizations/DCMs.