Odaily Planet Daily report: At an event in Washington, CFTC Chairman Mike Selig stated that the agency is working to allow genuine professional perpetual contracts to operate within the United States within the next month, with an announcement expected soon. Selig noted that previous regulatory policies have led to significant corporate migration and liquidity flowing overseas. Additionally, the CFTC and SEC are advancing several digital asset policies through Project Crypto, including providing clear guidance for DeFi developers and establishing clear standards for prediction markets. SEC Chairman Paul Atkins also emphasized that while regulators are advancing innovation exemptions to enable industry experimentation, statutory certainty from Congress is still needed. Legislative efforts in the U.S. Senate regarding transparency in digital asset markets remain under negotiation.
CFTC Chair: Regulatory Path for U.S. Perpetual Contracts to Clear in Weeks
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Summary
CFTC Chair Mike Selig said at a Washington event that the agency aims to finalize the regulatory path for U.S. perpetual contracts within weeks, with an expected announcement soon. He noted that past rules had shifted liquidity and crypto markets abroad. The CFTC and SEC are advancing multiple policies under Project Crypto, including guidance for DeFi and standards for prediction markets. SEC Chair Paul Atkins said innovation exemptions are being pursued, but legal clarity from Congress is still required. Legislative efforts on digital asset transparency in the U.S. Senate continue. MiCA is also shaping the global regulatory framework.
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