Derived from BitJie, the Trump-nominated chair of the Commodity Futures Trading Commission (CFTC), Mike Seli, stated during a Senate confirmation hearing that digital assets are a 'key mission' for the agency. Seli emphasized the CFTC's role in protecting markets and creating a framework for innovation in crypto, including investor protections and proper disclosures. He also addressed DeFi, suggesting that applying traditional financial regulation to blockchain-based applications may not always be appropriate. Seli is currently a senior official at the SEC’s crypto task force and is expected to become the sole member of the CFTC, raising concerns about the agency’s ability to act without a full commission.
Trump-Nominated CFTC Chair Mike Seli Says Crypto is a 'Key Mission'
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