U.S. CFTC Chair outlines key focus areas for the coming years: clarifying crypto regulations, ending jurisdiction disputes with the SEC, and more

CoinWorld March 10 News: Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), disclosed his speech at the FIA Global Clearing Market Conference, stating that the U.S. is experiencing a new technological revolution driven by AI, blockchain, and prediction markets. The CFTC needs to ensure that the regulatory framework adapts to this change. Selig outlined the focus of work in the coming years: achieving forward-looking derivatives market regulation with minimal effective intervention; resolving legacy issues from the Dodd-Frank Act; ending regulatory turf wars and enforcement jurisdiction disputes between the CFTC and SEC; establishing clear classification rules for genuine crypto perpetual contracts to maintain the U.S. as the global crypto capital; creating a gold standard regulatory system for prediction markets; making the U.S. a leading AI computing market; refocusing the commission on core responsibilities and moving away from non-core areas like climate policy; prioritizing the needs of agricultural and energy communities; and bringing key mineral markets back to the U.S.