Derived from MarsBit, Michael Selig has been sworn in as the new Chair of the U.S. Commodity Futures Trading Commission (CFTC) on December 23. In his remarks, Selig highlighted the rapid evolution of the market, including the rise of new technologies, products, and platforms, as well as the growing retail participation in commodity markets. He also noted the upcoming digital asset market structure bill to be submitted to the President by Congress, which he believes will solidify the U.S. as a global crypto hub. Selig previously served as the Chief Legal Counsel for the SEC’s cryptocurrency task force and as a senior advisor to SEC Chair Paul Atkins.
Michael Selig Sworn In as CFTC Chair, Comments on Crypto Market Evolution
MarsBitShare
Summary
Michael Selig, former SEC crypto task force legal counsel, was sworn in as CFTC Chair on December 23. He emphasized the fast-moving crypto market and the need for frameworks like the EU Markets in Crypto-Assets Regulation. Selig also mentioned the upcoming digital asset bill, which he said will help the U.S. lead in crypto innovation while supporting efforts like Countering the Financing of Terrorism.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.