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White House weighs new CFTC chair picks as Quintenz stalls
The White House is weighing additional candidates to lead the Commodity Futures Trading Commission (CFTC) as Brian Quintenz’s confirmation stalls. Names discussed include Michael Selig, chief counsel to the SEC’s crypto task force, and Tyler Williams, a Treasury counselor on digital asset policy. 
Crypto firms get South Korea tax breaks starting September 16
South Korea will let virtual asset trading and brokerage companies apply for venture company status beginning Tuesday, September 16, KoreaTechDesk reports. The designation provides access to tax breaks and government financing programs that were previously unavailable to crypto businesses. 
Senate Democrats unveil digital asset oversight framework
Twelve Senate Democrats released a policy framework that would give the Commodity Futures Trading Commission (CFTC) authority over spot trading of digital assets that are not securities. The proposal also calls for clearer Securities and Exchange Commission (SEC) guidance and stronger anti-money laundering requirements. 
