Michael Selig summarized his first 100 days overseeing the commodities regulator since being confirmed by the US Senate in December.
Commodity Futures Trading Commission (CFTC) Chair Michael Selig said on Wednesday that the agency is prepared to oversee the entire digital asset market, even as Congress has yet to pass a market structure bill defining its authority.
In a Wednesday statement about his first 100 days as CFTC chair, Selig said that the commission was “ready to take responsibility” for the crypto market and reiterated his claim that it was the sole regulator to oversee prediction markets.
His comments come as the US Senate considers the CLARITY Act, a crypto market structure bill that has been effectively stalled in committee amid discussions over stablecoin yield and other issues.
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