CFTC launches Future-Proof initiative to establish bespoke rules for digital assets and other emerging markets

CFTC Chair Mike Selig announced the launch of the "Future-Proof" initiative aimed at modernizing the agency's regulatory approach for emerging markets, specifically digital assets and prediction markets. The goal is to replace outdated, enforcement-driven rules with tailored, purpose-fit regulations that offer clear guidance for participants. Selig criticized the previous administration's approach of regulating novel products like digital assets via legacy rules that were ill-suited for them. Citing the digital asset economy's growth to $3 trillion and the rise of prediction markets, Selig stated the CFTC will deliver the "minimum effective dose of regulation." The new guidelines will be implemented through notice-and-comment rulemaking, and Selig also announced two senior staff appointments to support this effort.

(Source：Crypto Briefing)