CFTC Chairman Michael Selig believes the market structure bill will establish the US as a leader in crypto regulation by providing clarity, defining jurisdiction, and embracing innovation. He argues that clear rules are needed to attract builders, entrepreneurs, and innovators back to the US market.
CFTC Chairman Michael Selig said the market structure bill moving through Congress would make the United States the "gold standard" for crypto regulation, arguing that clear rules are long overdue for digital asset markets.
Selig said the U.S. has lacked clear digital asset oversight and that new legislation would provide "token taxonomy" and defined jurisdiction to move markets forward. SEC CHAIR ATKINS, CFTC CHAIR SELIG: TEAM TRUMP READIES CRYPTO PLAN SO AMERICANS CAN COUNT ON THEIR FUTURE "The goal is just to get some clarity. It's been too long with these markets just languishing, and they've fled offshore," Selig said Wednesday on "Mornings with Maria." "Our country's best builders, entrepreneurs and innovators are really, for the first time, looking at a system where we can have clarity, clear rules of the road, a token taxonomy so we know what's the security and what's not." US CRYPTO REGULATION STALLS AS LAWMAKERS WARN OF FALLING BEHIND GLOBAL COMPETITORS FOR YEARS He said treating all digital assets as securities is an outdated approach and argued that many digital assets should be treated as commodities under CFTC oversight rather than securities subject to SEC jurisdiction. Rules for prediction markets, including platforms like Polymarket and Kalshi, would also be clarified under the new legislation. Selig said the CFTC has been regulating these markets for more than 20 years, and that he aimed to "embrace" innovation in these spaces going forward. CLICK HERE TO GET FOX BUSINESS ON THE GO "We're not going to be a merit regulator as the prior administration sought to do and ban these types of contracts ahead of a political election. We're gonna embrace it," Selig said. "We're going to set the rules of the road and we're also going to defend our authority in court where necessary." Selig projected that a crypto market structure bill could be on President Donald Trump's desk "in the next couple of months" and praised the president's leadership and advocacy on behalf of the cryptocurrency industry.
Cryptocurrency Regulation CFTC Digital Assets Market Structure Bill Commodities
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hyperliquid's HYPE emerges as crypto haven after market's weekend plunge: Crypto Daybook AmericasThe day ahead in crypto: Feb. 2, 2026
Read more »
Tesla adds a new Model Y AWD option, and a new price point for youTech Product Reviews, How To, Best Ofs, deals and Advice
Read more »
Over 40% of New Yorkers support deporting illegal immigrants, new Siena poll revealsToday's Video Headlines: 02/02/26
Read more »
Nevada court hits Polymarket with temporary restraining order, tests CFTC controlThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
CFTC chief says pending crypto bill will make US the 'gold standard' for digital asset regulationCFTC chair says new crypto market structure bill will make U.S. the 'gold standard' for digital asset regulation, bringing much-needed clarity to markets.
Read more »
CIRO unveils new crypto custody framework for Canadian trading platformsEffective immediately, the rules raise expectations for custody, governance and risk management at crypto trading platforms operating in Canada.
Read more »