Trump's new CFTC chief Selig starts 'future-proof' initiative to champion crypto
Commodity Futures Trading Commission Chairman Mike Selig signals an intent to set crypto policy into formal rules that would be hard to reverse down the road.
CFTC
US Senate Confirms Crypto Friendly Leaders to Head CFTC and FDIC
The US Senate has confirmed crypto-friendly lawyer Mike Selig as the new chair of the Commodity Futures Trading Commission and has elevated Travis Hill to chair the Federal Deposit Insurance Corp. The two confirmations were included in a package of nearly 100 other nominees that… Read More
CFTC Withdraws ‘Overly Complex’ Actual Delivery Guidance
US Commodity Futures Trading Commission Acting Chairman Caroline Pham has scrapped “outdated guidance” on the delivery of crypto, which has been applauded for offering exchanges more flexibility. “Eliminating outdated and overly complex guidance that penalizes the crypto industry and stifles innovation is exactly what the… Read More
CFTC Lets Polymarket, PredictIt, LedgerX Off Certain Requirements
The U.S. Commodity Futures Trading Commission issued no-action letters to the operators of prediction markets platforms Polymarket, PredictIt, Gemini and LedgerX/MIAX on Thursday, announcing that the companies did not have to meet certain recordkeeping demands as long as they meet other specified requirements, and that… Read More
BTC, ETH, USDC as Collateral in CFTC Crypto Pilot
The Commodity Futures Trading Commission (CFTC) on Monday launched a pilot program allowing select digital assets — bitcoin BTC$91,022.50, ether ETH$3,134.39 and USD Coin (USDC) or other payment stablecoins — to be used as collateral in U.S. derivatives markets. The program, announced by Acting Chairman… Read More
Trump Names SEC Crypto Task Force Head Selig as Next Nominee to Run U.S. CFTC
President Donald Trump has named his new choice to lead the U.S. Commodity Futures Trading Commission, formally backing Securities and Exchange Commission lawyer Mike Selig after jettisoning his one-time pick of former CFTC Commissioner Brian Quintenz. The near-term leadership of the Commodity Futures Trading Commission… Read More