Last week in crypto regulation (Oct 20–26): 1/ Trump names Michael Selig CFTC Chair; pardons CZ — Policy pivot toward permissive market-structure plus clemency for Binance’s founder. https://www.bloomberg.com/news/articles/2025-10-24/trump-to-pick-michael-selig-for-cftc-chair-amid-crypto-expansion https://www.wsj.com/finance/currencies/trump-pardons-convicted-binance-founder-7509bd63