[Michael Selig, Nominated by Trump, Approved by Senate Committee for CFTC Chairmanship, Moves to Full Senate Vote] According to Golden Finance, the U.S. Senate Agriculture Committee approved Michael Selig, nominated by Trump for the position of CFTC Chairman, with a vote of 12 to 11. During the hearing, senators focused on whether the CFTC requires additional budget for crypto regulation, as well as the agency's independence and partisan balance. Selig stated that he would assess funding needs after taking office and emphasized the need to establish a clear regulatory framework that protects investors while supporting crypto innovation.