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CFTC Chair Michael Selig warns crypto regulation critics risk a repeat of FTX

Commodity Futures Trading Commission Chair Michael Selig warned that opponents of proposed crypto exchange regulations are dangerously inviting the next Sam Bankman-Fried.

Official portrait of CFTC Chair Michael Selig smiling in a suit and tie in front of an American flag.
Image: @CoinMarketCap

Commodity Futures Trading Commission Chair Michael Selig issued a sharp warning over resistance to cryptocurrency oversight, asserting that opponents of crypto regulation risk causing a repeat of the FTX collapse.[2][3]

According to reports citing Selig, critics of the agency's proposed crypto exchange regulation are "dangerously inviting the next Sam Bankman-Fried to run roughshod over the American people." Selig additionally cautioned that the next Sam Bankman-Fried could already be out there.[1][2][3][4]

Key facts

  • CFTC Chair Michael Selig said critics of the agency's proposed crypto exchange regulation are "dangerously inviting the next Sam Bankman-Fried to run roughshod over the American people."
  • Selig warned that opponents of crypto regulation are risking a repeat of FTX.
  • Selig cautioned that the next Sam Bankman-Fried could already be out there.
  • The remarks were reported by crypto news accounts on October 9, 2026.

Sources · 4 sources

  1. KC

    Kalshi Crypto@Kalshi_CryptoPost on X ·

    JUST IN: CFTC Chair warns opponents of new crypto regulations are "dangerously inviting the next SBF"

    Open source
  2. CO

    CoinMarketCap@CoinMarketCapPost on X ·

    LATEST: 🇺🇸 CFTC Chair Michael Selig says critics of the agency’s proposed crypto exchange regulation are “dangerously inviting the next Sam Bankman-Fried to run roughshod over the American people.” https://t.co/8orZXPtUrY

    Open source
  3. TM

    That Martini Guy ₿@MartiniGuyYTPost on X ·

    🇺🇸 JUST IN: CFTC Chair Selig says those opposing crypto regulation are risking a repeat of FTX. The next Sam Bankman-Fried could be out there already. https://t.co/xt1CLbvL8E

    Open source
  4. WG

    Watcher.Guru@WatcherGuruPost on X ·

    JUST IN: 🇺🇸 CFTC Chair warns opponents of new crypto regulations are "dangerously inviting the next Sam Bankman-Fried."

    Open source