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.