[U.S. Senate to Question Trump’s Nominee for CFTC Chair Michael Selig] The U.S. Senate plans to question Michael Selig, the Commodity Futures Trading Commission (CFTC) chair nominee appointed by President Trump, on Wednesday. The focus will be on topics such as cryptocurrency regulation and election prediction markets. Selig is currently the Chief Legal Advisor for the Securities and Exchange Commission (SEC) Cryptocurrency Special Task Force and previously served as an advisor to Republican SEC Chair Paul Atkins, who was appointed by Trump. The questioning is expected to cover the CLARITY Act, a bill that, if passed, would grant the CFTC greater authority in regulating the cryptocurrency industry. Additionally, Selig will be asked about the collaboration between the CFTC and SEC, as well as regulatory plans for markets allowing Americans to bet on election outcomes. Currently, the CFTC is led by its sole Republican commissioner, Caroline Pham, who has stated she will step down after the new chair is confirmed.