
Mike Selig
@ChairmanSelig • 13,714 subscribers
Serving President Donald J. Trump as the 16th Chairman of the @CFTC
Shorts
Videos

For years, anti-crypto armies, doomers, and decelerationists stifled innovation, regulating by enforcement and driving transformational technologies like blockchain, AI, and prediction markets overseas. On August 20, the CFTC is turning the page and charting a course for the new frontier of finance as innovators, builders, thinkers, and entrepreneurs descend upon Washington for the inaugural meeting of the Innovation Advisory Committee.
Mike Selig129,572 просмотров • 1 день назад

Under the Biden Administration, we saw the regulation by enforcement and regulation confusion for crypto. Today, we’re on the cusp of CLARITY and certainty for the builders and innovators. The CFTC stands ready to implement rules to ensure America remains the crypto capital of the world. 📺 More from my fireside chat with Rep. Mike Flood at Flyover Fintech 👇
Mike Selig71,606 просмотров • 14 дней назад

Innovators and market participants deserve certainty when it comes to the future of crypto in America. The CLARITY Act provides comprehensive rules of the road that future-proof digital asset regulation. This bill is must-pass legislation if the U.S. wants to remain the crypto capital of the world. 📺👇
Mike Selig96,209 просмотров • 1 месяц назад

Prediction markets and the contracts they offer are fundamentally different from the wagers and entertainment offered by casinos. Namely, casinos lack: ❌an order book matching bids and offers ❌clearinghouses between buyers and sellers ❌contract terms outlining margin, capital, and settlement requirements These distinctions are paramount when considering the jurisdictional lines of prediction market regulation.
Mike Selig28,976 просмотров • 14 дней назад

If the federal government continues to make it harder to operate a farm or ranch in America, we shouldn’t be surprised if fewer Americans choose to remain in the industry. That would be a mistake our country cannot afford. We must support our domestic producers, providing them with sound markets and opportunities to hedge their risks.
Mike Selig26,938 просмотров • 19 дней назад

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 Selig71,953 просмотров • 2 месяцев назад

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 просмотров • 4 месяцев назад

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 Selig44,163 просмотров • 2 месяцев назад

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 просмотров • 6 месяцев назад

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 Selig48,381 просмотров • 3 месяцев назад

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 просмотров • 3 месяцев назад

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 просмотров • 5 месяцев назад

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 просмотров • 4 месяцев назад

We're going to be setting very clear standards as to the types of prediction markets that can be self-certified in our markets. We’re also planning to move forward with an advanced notice of proposed rulemaking in the near future that will set the stage for more fulsome prediction markets rulemaking.
Mike Selig48,820 просмотров • 5 месяцев назад

As Chairman of the CFTC, I am committed to policing and prohibiting manipulation in our markets. Whether the underlying is sports, politics, or grains, we take our role as the federal regulator seriously. Under my leadership, there is no tolerance for bad actors in our markets. New York Post
Mike Selig38,162 просмотров • 4 месяцев назад