CFTC Chair Michael Selig on CNBC today: “It’s go time.” to Crypto market structure rules. Yesterday in his Treasury Market Conference remarks, he said the CFTC is “committed to providing clear, principles-based rules” as markets shift toward tokenization, onchain finance, and 24/7 trading. And in his Project Crypto remarks, he said staff is exploring rules to “codify a CFTC market structure for crypto assets using the agency’s existing authorities,” including a path for leveraged crypto trading on designated crypto asset markets. The Clarity Act isn't slowing these guys down. Its go time!
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