
Mike Selig
@ChairmanSelig • 12,851 subscribers
Serving President Donald J. Trump as the 16th Chairman of the @CFTC
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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 görüntüleme • 16 gün önce

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 görüntüleme • 1 ay önce

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 görüntüleme • 1 ay önce

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 görüntüleme • 4 ay önce

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 görüntüleme • 5 ay önce

Just like we saw with the advent of crypto, the use cases for prediction markets, while seemingly narrow in their nascent stages, promise to give rise to myriad products and services that help Americans hedge risk and aggregate information. 📺 More on Mornings with Maria 👇
Mike Selig13,784 görüntüleme • 18 gün önce

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 görüntüleme • 3 ay önce

The CFTC is pursuing a series of rulemakings that will enhance guidance for prediction market participants and registrants. At the top of the list is our Rule 40.11 NPRM which clarifies the types of events that may underpin event contracts. Regulatory certainty is coming.
Mike Selig11,796 görüntüleme • 17 gün önce

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 görüntüleme • 3 ay önce

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 görüntüleme • 4 ay önce

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 görüntüleme • 4 ay önce

For two and a half centuries, Americans have built, invested, and taken risks to create prosperity for future generations. The CFTC has played an important role in that story, helping farmers, businesses, workers, and entrepreneurs hedge risk, discover prices, and fuel economic growth for over five decades. Here's to the next 250, America 🦅
Mike Selig11,584 görüntüleme • 22 gün önce

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 Selig19,328 görüntüleme • 1 ay önce