David Sacks calls CFTC, SEC picks a crypto regulation ‘dream team‘
David Sacks praised the picks for CFTC Chair Michael Selig and SEC Chair Paul Atkins as a 'dream team' for clear crypto regulation.Summary
Following the confirmation of Michael Selig to chair the Commodity Futures Trading Commission (CFTC), White House official David Sacks declared that the appointments of Selig and Securities and Exchange Commission (SEC) Chair Paul Atkins constitute a "dream team to define clear regulatory guidelines" for digital assets. Sacks noted the US is at a "critical juncture" for crypto regulation. Selig indicated that Congress is close to finalizing a crypto market structure bill, which aims to cement the US as the "Crypto Capital of the World." This legislation, which builds on the House's CLARITY Act, is expected to grant the CFTC greater authority over digital assets, a role previously leaning toward the SEC. The Senate Banking Committee is anticipated to hold a markup on the bill in early January. Selig's confirmation last week also raises questions about the departure of acting CFTC Chair Caroline Pham.
(Source：Cointelegraph)