The White House is close to announcing its nominee for the new chairman of the U.S. Commodity Futures Trading Commission (CFTC), with Mike Selig, chief legal counsel for the SEC's Crypto Task Force, currently the most likely successor. Sources indicate that Selig remains the administration's "preferred candidate," and the White House has begun simultaneously reviewing potential commissioners to rebuild the five-member commission currently led solely by Acting Chair Caroline Pham. This nomination is seen as a crucial milestone in the crypto regulatory landscape, coming at a critical time as Congress advances the Market Structure Act, which would expand the CFTC's oversight of the crypto market. Selig, currently a senior advisor to SEC Chairman Paul Atkins, previously served as an associate commissioner at the CFTC and spent ten years in the digital assets team at Perkins Coie and Willkie Farr & Gallagher. (Crypto in America)