
Mike Selig
@ChairmanSelig • 12,556 subscribers
Serving President Donald J. Trump as the 16th Chairman of the @CFTC
Shorts
Videos

Perpetual futures’ unique funding mechanism and lack of expiry have made the product popular offshore, where limited regulations apply. Under my chairmanship, the CFTC is bringing perpetuals onshore under a robust regulatory framework. More form my conversation on CNBC's Fast Money 👇
Mike Selig71,520 Aufrufe • vor 14 Tagen

Gary Gensler said the law was clear–“virtually every crypto asset is a security”–and drove the crypto industry offshore. Now, he says the law is clear–“event contracts are not derivatives”–and seeks to push the prediction markets offshore. He has a poor track record reading the law. Event contracts, whether on sports, politics, or any commodity, are within the CFTC’s remit. We’ll regulate these markets accordingly. 📺 More this morning on Squawk Box 👇
Mike Selig44,055 Aufrufe • vor 28 Tagen

In the past, turf battles between the CFTC and SEC pushed novel products and innovators to the sidelines. Those days are over. Paul Atkins and I are working together to bring security futures, security perpetuals, and other types of assets to market so that America remains the crypto capital of the world. More below ⬇️: Bankless
Mike Selig16,590 Aufrufe • vor 13 Tagen

For far too long, the Biden administration left crypto in limbo by driving many crypto firms offshore and creating confusion as to what’s a security and what’s not. Paul Atkins and I have developed a new interpretation that provides regulatory clarity for the crypto markets. Watch more on Mornings with Maria⬇️
Mike Selig88,634 Aufrufe • vor 3 Monaten

Incumbents are always going to fear the future. The CFTC stands ready to address changing landscapes and ensure America remains the crypto capital of the world. We will continue to work diligently to onshore innovation and bring novel derivatives under the CFTC’s gold standard regulatory framework so that these markets can thrive here at home.
Mike Selig19,307 Aufrufe • vor 18 Tagen

Self-custody must be protected. The United States was founded on the principle of private property, and the seizure of assets is something we must guard against. At the CFTC, that means protecting Americans’ ability to hold and control their own digital assets.
Mike Selig47,996 Aufrufe • vor 2 Monaten

Prediction markets are not new; we’ve regulated prediction markets since 1992. These markets allowed for political predictions, predictions on corporate earnings, and now sports. What we’re seeing now is huge uptick in demand by Americans to predict the future.
Mike Selig89,167 Aufrufe • vor 4 Monaten

Prediction markets provide measurable value to market participants who use them to hedge and speculate on event outcomes as well as the public at large, which benefits from more reliable information about current events. The CFTC is committed to setting the gold standard for regulation of these markets. Watch more on PredictableShow:
Mike Selig46,976 Aufrufe • vor 2 Monaten

I've said since day one that the CFTC will be looking at perpetuals on an asset-by-asset basis. The CFTC staff’s advisory on 24/7 trading made this point abundantly clear, and we will continue to work to ensure responsible innovation is allowed to flourish in American markets. 📺👇
Mike Selig10,955 Aufrufe • vor 14 Tagen

Today, we're taking action by releasing clear guidance for prediction markets that will help exchanges understand the CFTC's expectations for new contract listings. We're taking on the responsibility of making sure there are transparent rules of the road for the asset class. Watch more on Squawk Box ⬇️📺
Mike Selig59,815 Aufrufe • vor 3 Monaten

Finance has continuously evolved, from trading pits to electronic markets, to blockchains. If the US doesn't embrace this innovation, it will move offshore. Under President Donald J. Trump' leadership, I’m committed to keeping America the crypto capital of the world. Mark Moss
Mike Selig29,297 Aufrufe • vor 1 Monat

The CFTC and U.S. Securities and Exchange Commission’s framework lays out a clear and simple road map for any company that wants to sell a crypto asset to raise capital, what their securities law obligations are, and the status of the crypto asset. As we work to create future-proof legislation, our interpretation is intended to help in the interim.
Mike Selig52,816 Aufrufe • vor 3 Monaten

Under my leadership, the CFTC is onshoring crypto perpetual contracts under gold standard regulations. The Biden administration drove perps offshore to jurisdictions that had ZERO investor protections, leading to disasters like the FTX implosion. Instead, we believe that popular financial instruments like perps should be available to Americans under American laws and regulations. Watch more on Mornings with Maria:
Mike Selig13,006 Aufrufe • vor 19 Tagen