Odaily Planet Daily reports: Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), wrote that the global derivatives market is entering a new phase of development, and the United States will continue to lead financial innovation without adopting regulatory models that could constrain market growth.
Mike Selig noted that for decades, derivatives—including financial contracts such as futures, options, and swaps—have been essential tools for businesses, farmers, investors, and financial institutions to manage risk and optimize capital allocation. Today, the notional value of the global derivatives market exceeds $1.2 quadrillion, with nearly half of this market regulated by the CFTC. America’s leadership in derivatives has been built over generations through competitive markets, strong institutions, effective regulation, and an openness to innovation. For many years, global regulators have looked to the CFTC as a benchmark for efficient market oversight.
“New-era finance requires innovation, not consensus,” said Selig. The U.S. will not adopt regulatory trends that hinder market development, but will instead seek a balance between innovation and market efficiency. He emphasized that, during his tenure, the U.S. will continue to lead in shaping derivatives market rules and financial innovation, driving the market to remain competitive.
Market participants believe Selig’s remarks reflect the U.S. regulatory authorities’ positive stance toward the development of financial technology, digital assets, and new financial instruments. As crypto assets, tokenized financial products, and AI-driven trading tools rapidly evolve, achieving a balance between risk management and innovation promotion has become a key issue for global financial regulators.