Odaily Planet Daily reports: Mike Selig, the 16th Chairman of the U.S. CFTC, stated at the FIAconnect Global Clearing Markets conference in Florida that the United States is undergoing a technological revolution driven by AI, blockchain, and prediction markets.
He noted that the CFTC’s key priorities over the coming years include: establishing clear rules (including the classification of crypto perpetual contracts) to ensure the United States maintains its position as a global crypto hub; resolving jurisdictional disputes with the U.S. SEC and moving away from a “enforcement-over-regulation” model; creating standards for prediction markets; and positioning the United States as a leading market for AI computing power. Additionally, Selig emphasized refocusing the commission on its core responsibilities, addressing lingering issues from the Dodd-Frank Act, and shifting attention away from climate policy toward core areas such as agriculture, energy, and critical minerals. He stated that it is essential to ensure innovators are not constrained by regulations from a bygone era.