Trump-Appointed CFTC Chair Launches ‘Future-Proof’ Initiative, Signaling a Pro-Crypto Shift
CFTC Chairman Mike Selig launched a 'Future-Proof' initiative to modernize crypto regulation, moving away from enforcement toward clear, tailored rules.Summary
U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig announced an aggressive push to modernize financial regulation via a new “Future-Proof” initiative. This effort aims to replace years of “regulation by enforcement” with clear, tailored rules for digital assets and emerging technologies, arguing that legacy regulations are inadequate for blockchain and AI advancements. The initiative involves reviewing decades-old rules, many designed for agricultural futures, to better accommodate 24/7, blockchain-native markets. Selig contrasted this with the prior administration's approach, which he criticized for stifling innovation. The CFTC is preparing for expanded authority if Congress passes the Digital Asset Market Clarity Act, focusing on the “minimum effective dose of regulation” to protect against fraud without hindering experimentation, ensuring that innovation remains in America.
(Source：Bitcoin Magazine)