Michael Selig, nominated by President Donald Trump to chair the U.S. Commodity Futures Trading Commission (CFTC), aims to focus on strengthening crypto policies amid a leadership void at the agency. His nomination comes during a prolonged government shutdown, with Senate confirmation still pending. In the market, cryptocurrency investment funds saw a robust rebound last week with $921 million in inflows, fueled by encouraging U.S. inflation data that revived hopes for further interest rate cuts. Bitcoin exchange-traded products led this positive momentum, nearly reversing prior outflows, while Ethereum products experienced consistent outflows. Meanwhile, Australia’s crypto industry has urged the government to clarify its draft digital asset laws, warning that current proposals leave critical questions unanswered and risk regulatory overreach, especially concerning offshore liquidity sourcing and financial advisers’ ability to counsel on cryptocurrencies. Industry stakeholders call for swift legislation amendments to foster clarity and consumer protection.