CFTC Chairman Michael Selig outlines his vision for establishing the U.S. as the global crypto capital by fostering innovation and providing regulatory clarity. He discusses the CFTC's broad mandate over commodities, including prediction markets and digital assets, and emphasizes a shift from the previous administration's "regulation by enforcement" to a principles-based approach that supports onshoring novel derivative products like perpetuals and protecting software developers. Selig aims to create a regulatory environment that encourages building in America and provides clear pathways for new technologies.
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