The Crypto Futures Trading Commission? Selig Pick Highlights Agency's New Tilt

Also, OCC proposes pulling big bank recovery plan guidance

This weekend’s announcement of Mike Selig to lead the CFTC was hardly shocking, given how widely the SEC staffer’s name had been circulating. But as well-telegraphed as the pick was, it still struck longtime observers as surprising. Unlike many of his predecessors, the nominee has sparse experience in the commodities and derivatives markets that will ma…