White House · CLARITY Act · Democrats · Bitcoin Magazine
CFTC Chair Selig Confirms Regulator Is Preparing for ‘24-7, On-Chain’ Markets
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Mike Selig has said that the CFTC is looking forward to “exciting” crypto and AI markets as the agency presses on without the Clarity Act.
Key facts
- Commodity Futures Trading Commission Chair Mike Selig has said that the regulator was preparing for the transition of markets moving “24-7, on-chain
- Mike Selig has said that the CFTC is looking forward to “exciting” crypto and AI markets as the agency presses on without the Clarity Act
- Formerly chief counsel at the SEC’s Crypto Task Force, Selig was described by White House’s Crypto and AI Tsar, David Sacks, as “instrumental in driving forward the President’s crypto agenda
- Despite lawmakers blocking the Clarity Act, the CFTC and Securities and Exchange Commission have charged ahead with rulemaking
Summary
Commodity Futures Trading Commission Chair Mike Selig has said that the regulator was preparing for the transition of markets moving “24-7, on-chain.” Speaking to CNBC on Wednesday, the regulator said that it was an exciting time to be regulating markets related to crypto and artificial intelligence. The CFTC is fast pushing ahead with rulemaking for the crypto space, despite lawmakers last week blocking the long-awaited Clarity Act. “Our markets are rapidly evolving,” Selig said.