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CFTC Chair Michael Selig says crypto industry is embracing agency rulemaking as legislative hopes fade

Commodity Futures Trading Commission Chair Michael Selig said the cryptocurrency industry is increasingly accepting agency rulemaking as prospects for new congressional legislation diminish.

Portrait of Commodity Futures Trading Commission Chair Michael Selig in front of an American flag.
Image: @Cointelegraph

The cryptocurrency industry is shifting toward agency-level regulation as expectations for new legislative solutions wane, according to Commodity Futures Trading Commission Chair Michael Selig. Selig told CNBC that the digital asset sector is increasingly embracing the CFTC's rulemaking efforts amid fading hopes for dedicated statutory frameworks.[3][4][1]

The remarks, also reported by Cointelegraph and BlockNews, highlight growing reliance on existing regulatory bodies. Crypto Briefing noted that the sector's closer alignment with the CFTC has the potential to strengthen regulatory clarity, which could influence market confidence and Bitcoin prices.[2][4][1]

Key facts

  • CFTC Chair Michael Selig said the crypto industry is increasingly embracing the agency's rulemaking efforts.
  • Selig tied the industry's shift to agency rules to fading hopes for new cryptocurrency legislation.
  • Selig delivered the remarks in comments to CNBC.

Sources 路 4 sources

  1. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 JUST IN: 馃嚭馃嚫 CFTC Chair Michael Selig says the CRYPTO INDUSTRY is increasingly embracing the agency's rulemaking efforts as hopes for new legislation begin to fade. https://t.co/x87NEDTbTl

    Open source
  2. CB

    Crypto BriefingArticle 路

    Crypto industry aligns with CFTC as legislative hopes fade The crypto industry's alignment with the CFTC may enhance regulatory clarity, potentially boosting market confidence and influencing Bitcoin prices. The post Crypto industry aligns with CFTC as legislative hopes fade appeared first on Crypto Briefing .

    Open source
  3. CN

    CNBC@CNBCPost on X 路

    CFTC Chair Selig tells CNBC crypto industry is embracing agency rules as legislation hopes fade https://t.co/iIkKpne7Uj

    Open source
  4. CO

    Cointelegraph@CointelegraphPost on X 路

    馃嚭馃嚫 INSIGHT: CFTC Chair Michael Selig says the crypto industry is embracing the agency鈥檚 rulemaking as hopes for legislation fade. https://t.co/cfONICgRLp

    Open source