Bits + Bips: What CFTC Oversight Could Mean For Crypto As Trump's Chair Pick Crosses Key Senate Hurdle - Ep. 957
Episode publishedPodcast: UnchainedUnchained
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I think the crypto community is excited about Mike, but so is the whole CFTC community. So there were 20 different ad groups that wrote to the ad committee endorsing Mike's nomination of CFTC chair. It's so it's it's not, you know, crypto bro goes to CFTC. This is somebody who's had a a a decade long practice in all aspects of CFTC law and jurisdiction and is accomplished on all those areas.
Hi, everyone. Welcome to bits and bips the interview. I'm your host, Steve Ehrlich, executive editor at Unchained. I'm here with a good friend of mine, Chris Giancarlo, former chair of the commodity futures trading Commission. Welcome, Chris.
Steve, being called a good friend by you means a lot to me. Thank you. I feel the same way. Great to be on with you.
Yeah. Appreciate that. We have a lot to discuss today. I think one of your, former employees, Mike Selig, the chief counsel of the SEC's crypto task force was just nominated to be CFTC chair, had his nomination hearing yesterday. So we're going to break all of that down. But before we do, let's just take a very quick break to hear from sponsors who make this show possible.
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Okay. So I think when Mike was nominated by president Trump a few weeks ago, he was met with universal praise from the community. And I think that that wasn't just because we had grown tired of waiting to see if Brian Quintana was actually going to be approved. You know him very well because he used to work for you. I'm wondering if you can maybe share one or two anecdotes that could just sort of illustrate, like, why the community is so excited to have him as their presumptive CFTC chair.
Yeah. So let let me give you a little of the background. So in 2014 I think it was late twenty fourteen, my then chief of staff, Chase Justin Jason Goggins, decided we're gonna start an intern program in my office for law students. And number of them came through over the next, actually, three years. Mike was one of the first and immediately impressed me with just his his native intelligence and and his interest in commodity futures, which, you know, it's not like the hottest topic in law school back in the a a decade ago. And then finally, he's just good naturedness. I mean, he just was easy
Got it. And and, actually, I I was remiss before. I should have mentioned that, aside from just your not, your long history with Mike and your knowledge about the CFTC confirmation process, Mike invited you to introduce him, to his hearing yesterday.
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