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CFTC Chairman outlines future key work: establishing cryptocurrency regulations and ending regulatory conflicts with the US SEC
Odaily Planet Daily News: Mike Selig, the 16th Chairman of the U.S. CFTC, stated at the FIAconnect Global Clearing Market Conference in Florida that the United States is experiencing a technological revolution driven by AI, blockchain, and prediction markets.
He pointed out that the key focus areas for the CFTC in the coming years include establishing clear rules (including the classification of perpetual crypto contracts) to maintain the U.S. as a global crypto hub; ending jurisdiction disputes with the SEC and shifting from enforcement to regulation; setting standards for prediction markets; and promoting the U.S. as a leading AI computing power market. Additionally, Selig emphasized returning the commission to its core responsibilities, resolving legacy issues from the Dodd-Frank Act, and shifting focus from climate policy to core sectors such as agriculture, energy, and critical minerals. He stated that it is essential to ensure innovators are not constrained by outdated regulations.