CFTC Chair Selig tells CNBC crypto industry is embracing agency rules as legislation hopes fade

CFTC's Michael Selig says crypto exchanges are lining up to register

The CFTC chair says new entrants want one federal license instead of 50 state regimes, and existing exchanges could add spot trading

CFTC Chair Selig tells CNBC crypto industry is embracing agency rules as legislation hopes fade

The top U.S. commodities regulator in October announced proposed crypto rules to assert its jurisdiction over the asset class.

CFTC Chair Selig says crypto firms are signing up for his agency's rules as Congress stalls

Regulation CTX and Regulation CAM, floated by the CFTC on October 5, would give crypto exchanges a federal route that skips 50 state licences. Selig says new entrants and exchanges already registered for perpetual futures want in, and he'll fight states over prediction markets.

CFTC Chair Selig Defends Federal Crypto Oversight as States Challenge Prediction Markets

Commodity Futures Trading Commission (CFTC) Chairman Michael Selig is defending federal control over crypto and prediction markets. He says the agency’s proposed rules could attract more exchanges seeking a single regulatory framework. His comments highlight growing tensions between federal regulators and states over digital asset oversight. CFTC Attracts Crypto Exchanges With New Rules Speaking at […] Read The Full Article CFTC Chair Selig Defe…