The crypto ecosystem in the US that you saw in 2024 is far different from what you are seeing in 2025. When the Donald Trump administration took over the reigns earlier this year, the digital asset sector began witnessing significant growth, championed by several pro-crypto regulators. The latest addition to the list is pro-crypto Michael Selig, the new Chairman of the Commodity Futures Trading Commission (CFTC).
The US Senate has confirmed Michael Selig as the new CFTC Chair in a 53-43 vote, adding another crypto-friendly leader in the current administration. As it is very clear, President Trump picked Selig because he fits the pro-crypto category and has strong experience dealing with digital asset policies.
Selig is also believed to be a person who can execute the President’s digital asset agenda by harmonizing crypto rules among other regulators in the US.
Michael Selig’s pro-crypto voices
The voices that Selig has spent on crypto are not wasted. They are bearing fruit. He has backed the digital asset market structure bill, a comprehensive regulatory framework for the crypto market, a draft bill which Acting CFTC Chairman Cynthia Lummis has been promoting. He replaced Lummis, who is expected to join as Chief Legal Officer at MoonPay, a crypto payments firm.
In November 2025, Selig was nominated for the CFTC Chairman position, and following the nomination, he wrote on X that he would make the US the crypto capital of the world, an agenda promise that the Trump administration is currently working on.
Selig also advocated for simple, clear guidelines for the crypto market and the necessity of the CFTC for overseeing digital commodities.
The US is surfing the wave of crypto-aligned financial regulators
The US government has the best partners in financial regulations to move ahead with crypto-friendly regulations. For instance, the Securities and Exchange Commission (SEC) and its Chairman, Paul Atkins, aligns with Trump’s crypto-supportive initiatives.
The commission recently ended lawsuits against major crypto platforms like Ripple Labs, Coinbase, Kraken, OpenSea, Binance, Uniswap, and more, as part of its broader 2-25 pullback. This marks the SEC in tandem with Trump’s crypto progressive ideology.
However, according to several analysts, loosening grip on crypto regulations can lead to a surge in fraudulent activities across the industry. John Reed Stark, a former SEC enforcement official, warned that bad actors may intrude if the SEC weakens its regulation of crypto.
Now, coming to the Federal Reserve, Trump has nominated Christopher Waller for the Chairman post, hoping that Waller will support lower interest rates. Waller has been publicly specific about rate cuts, which is also a factor that impacts the crypto market price.
The Office of the Comptroller of the Currency (OCC) is another government body that supports financial innovation through cryptocurrency. It has granted permissions for national banks to engage in crypto activities such as crypto custody, node verification, and certain stablecoin activities.
Ripple, BitGo, Circle, and Fidelity Digital Assets are some of the digital asset platforms that received conditional approval from the OCC.
What’s more
Now, if you have a question about whether the US will thrive in crypto in the future, the answer is a resounding yes. Financial regulators and other government bodies related to digital assets are actively implementing crypto-supportive measures in the industry.
Most importantly, the leaders the government chooses are indicating a clear path toward crypto-innovation that fosters the industry’s growth onshore.
