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Mike Selig

@ChairmanSelig • 22,287 subscribers

Serving President Donald J. Trump as the 16th Chairman of the @CFTC

Shorts

Chris Christie is leading a campaign to ban American Prediction Markets in states across the country. We’re simply not going to allow that to happen.

Chris Christie is leading a campaign to ban American Prediction Markets in states across the country. We’re simply not going to allow that to happen.

730,029 Aufrufe

Insider trading will not be tolerated. The CFTC will use the full force of the law to protect market integrity for the American people and those who misappropriate information on our markets should be on notice. Watch more with Sara Eisen on CNBC 📺

Insider trading will not be tolerated. The CFTC will use the full force of the law to protect market integrity for the American people and those who misappropriate information on our markets should be on notice. Watch more with Sara Eisen on CNBC 📺

36,437 Aufrufe

America's financial markets are the envy of the world. At the CFTC, we protect and oversee with fit-for-purpose regulations that guard against insider trading, fraud, abuse, and market manipulation, while ensuring our markets have integrity for longevity. Clay Travis The Clay Travis & Buck Sexton Show

America's financial markets are the envy of the world. At the CFTC, we protect and oversee with fit-for-purpose regulations that guard against insider trading, fraud, abuse, and market manipulation, while ensuring our markets have integrity for longevity. Clay Travis The Clay Travis & Buck Sexton Show

10,277 Aufrufe

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If CLARITY continues to stall because of Democratic obstruction, the CFTC will utilize its existing authorities to begin establishing a regime for crypto asset markets. We owe it to the American people to do so. Here's how we'll get it done ⬇️

If CLARITY continues to stall because of Democratic obstruction, the CFTC will utilize its existing authorities to begin establishing a regime for crypto asset markets. We owe it to the American people to do so. Here's how we'll get it done ⬇️

863,781 Aufrufe • vor 1 Monat

I have some big news to announce…

I have some big news to announce…

3,860,676 Aufrufe • vor 7 Monaten

The United States needs CLARITY. Clear rules of the road will ensure that America remains the crypto capital of the world. The CFTC stands ready to implement crypto asset market structure with or without legislation.

The United States needs CLARITY. Clear rules of the road will ensure that America remains the crypto capital of the world. The CFTC stands ready to implement crypto asset market structure with or without legislation.

181,241 Aufrufe • vor 1 Monat

The United States has a choice. We can either write the rules that define the next generation of financial markets, or we can let other countries write them for us. Under President Donald J. Trump' leadership, we’ve made our choice: America will lead.

The United States has a choice. We can either write the rules that define the next generation of financial markets, or we can let other countries write them for us. Under President Donald J. Trump' leadership, we’ve made our choice: America will lead.

172,877 Aufrufe • vor 1 Monat

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.

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.

145,945 Aufrufe • vor 1 Monat

It’s my hope that, by marrying prediction markets with blockchains, we can see how decentralized trust and truth can act as a check on disinformation, outright falsity, and the threat of debanking.

It’s my hope that, by marrying prediction markets with blockchains, we can see how decentralized trust and truth can act as a check on disinformation, outright falsity, and the threat of debanking.

484,294 Aufrufe • vor 6 Monaten

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 👇

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 👇

71,975 Aufrufe • vor 1 Monat

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. 📺👇

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. 📺👇

97,354 Aufrufe • vor 2 Monaten

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 👇

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 👇

71,953 Aufrufe • vor 3 Monaten

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.

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.

35,396 Aufrufe • vor 1 Monat

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.

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.

29,662 Aufrufe • vor 1 Monat

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⬇️

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⬇️

88,634 Aufrufe • vor 6 Monaten

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. 📺👇

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. 📺👇

20,032 Aufrufe • vor 1 Monat

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.

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.

89,167 Aufrufe • vor 7 Monaten

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.

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.

26,938 Aufrufe • vor 1 Monat

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 👇

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 👇

44,275 Aufrufe • vor 3 Monaten

The CFTC is hiring. We’re recruiting the best and brightest to join our team and leveraging technologies like artificial intelligence to keep pace with the new frontier of finance and make efficient use of taxpayer dollars.

The CFTC is hiring. We’re recruiting the best and brightest to join our team and leveraging technologies like artificial intelligence to keep pace with the new frontier of finance and make efficient use of taxpayer dollars.

40,456 Aufrufe • vor 3 Monaten

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.

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.

48,381 Aufrufe • vor 4 Monaten

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 ⬇️📺

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 ⬇️📺

59,815 Aufrufe • vor 6 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:

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:

46,976 Aufrufe • vor 4 Monaten