
Mike Selig
@ChairmanSelig • 24,991 subscribers
Serving President Donald J. Trump as the 16th Chairman of the @CFTC
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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 Selig145,945 просмотров • 1 месяц назад

We don’t permit contracts that are readily susceptible to manipulation to be listed on CFTC registered exchanges. Just yesterday, CFTC staff clarified their views on the listing of mention markets, which raise unique manipulation risks. We’ll continue to hold offerings on our exchanges to the highest standard.
Mike Selig29,987 просмотров • 11 дней назад

The United States is the financial markets capital of the world. We have innovative firms, world-class exchanges, strong market participants, and now, regulators committed to promoting market integrity while supporting responsible innovation. Those advantages will help ensure the US continues to lead on the new frontier of finance.
Mike Selig30,721 просмотров • 12 дней 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 Selig71,975 просмотров • 2 месяцев 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 Selig97,354 просмотров • 2 месяцев 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 • 3 месяцев назад

If states can impose additional requirements or penalties on exchanges, then we don't have a federal market system in the United States—we have a race to the bottom. The CFTC will continue to defend its exclusive jurisdiction over commodity derivatives where states attempt to nullify federal law.
Mike Selig35,465 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 • 6 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 • 7 месяцев 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 Selig29,662 просмотров • 2 месяцев назад

Congress gave the CFTC the exclusive authority to regulate prediction markets. The CFTC will not only defend its jurisdiction against states seeking to nullify federal law and apply state anti-gaming laws to DCMs, we’ll exercise it by establishing clear rules of the road for these markets. 📺👇
Mike Selig20,032 просмотров • 1 месяц 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 • 2 месяцев назад