ARLINGTON, Va., Nov. 19, 2025 – The National Grain and Feed Association (NGFA) today expressed its support of Mike Selig to be Chairman and Commissioner of the Commodity Futures Trading Commission (CFTC), and applauded the Senate Committee on Agriculture, Nutrition, and Forestry for advancing his nomination.

Mr. Selig’s thoughtful responses during the hearing reinforced his strong credentials: as Chief Counsel of the U.S. Securities and Exchange Commission Crypto Task Force and Senior Advisor to SEC Chairman Paul Atkins, and as a former law-firm partner, he is exceptionally well-positioned to guide the CFTC at this pivotal time. With digital assets and derivatives markets evolving rapidly, his commitment to advancing regulatory clarity, in line with U.S. ambitions to remain the global leader in cryptocurrency innovation, is particularly timely.

“End-users across the grain, feed, processing, and transportation sectors depend on efficient, transparent, and resilient futures markets,” said NGFA President and CEO Mike Seyfert. “Mr. Selig’s plans to chair CFTC’s Agricultural Advisory Committee and his background in derivative markets give the U.S. agricultural value chain confidence that the CFTC will continue to safeguard traditional markets while standing up new cryptocurrency regulation. We encourage the Senate to move expeditiously to confirm his nomination so the agency can begin focused leadership under his guidance.”

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