Personal views only. Official @CFTC Chairman account: @ChairmanSelig.
Washington, DC
Joined October 2017
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Follow my official X account @ChairmanSelig for the latest @CFTC news and announcements.
Mike Selig retweeted
Crypto markets deserve the same time-tested protections that have governed America’s derivatives markets for generations.
While Congress has yet to act, the @CFTC is advancing a voluntary federal registration pathway for crypto exchanges, bringing them closer to the gold standard of American market oversight. @BloombergTV @tylerskendall
Mike Selig retweeted
I’m pleased the @CFTC and @NBA have signed an MOU continuing the Commission’s commitment to increasing data sharing between the agency and professional sports leagues. The NBA joins the @MLB and @NHL in taking a responsible step toward protecting sports integrity and market participants from abuses in prediction markets like insider trading and fraud.
I thank NBA Commissioner Adam Silver for putting the integrity of professional basketball and America’s financial markets first and for working with the agency on this MOU.
.@CFTC and National Basketball Association Sign MOU to Protect Integrity in Professional Basketball: cftc.gov/PressRoom/PressRele…
Mike Selig retweeted
I've spent this year traveling across the country, getting out into the heartland, and hearing directly from the farmers and ranchers who work tirelessly to feed, fuel, and clothe America.
Agriculture is at the foundation of the @CFTC's mission, and under my leadership, we will continue listening to those who depend on our markets and putting their needs at the forefront of our work.
Mike Selig retweeted
Unlike casino-style gambling, @CFTC-regulated prediction markets operate under a federal regulatory system designed to protect market integrity and prevent manipulation.
Conflating the two ignores the fundamental distinction between gambling and regulated financial markets. @BloombergTV @tylerskendall
Mike Selig retweeted
Market manipulation has no place in CFTC-regulated markets.
With the midterm elections approaching, the @CFTC is closely monitoring prediction markets for attempts to distort trading activity or manipulate outcomes.
Let me be clear: Those who manipulate our markets will be held accountable. @BloombergTV @tylerskendall
Mike Selig retweeted
The strength of the @CFTC lies in the dedicated public servants who carry out our mission every day.
It was a pleasure visiting our Kansas City office and thanking the talented team whose work help uphold the gold standard of market integrity.
Mike Selig retweeted
Prediction markets offer Americans a new way to gauge what’s happening in the world, and as they grow, so does the need for federal oversight.
At the @CFTC, we are closely monitoring trading activity to uphold the gold standard of market integrity. Watch more on @clayandbuck:
Mike Selig retweeted
For too long, regulators drove good actors offshore while bad actors like Sam Bankman-Fried defrauded American investors.
Those priorities were backwards. In this era at the @CFTC, we are putting market integrity first, pursuing fraudsters and allowing legitimate innovation to thrive on American soil. @clayandbuck
Mike Selig retweeted
America cannot lead on the new frontier of finance with outdated and anachronistic regulations that force economic activity offshore.
That’s why the @CFTC proposed a pathway for crypto exchanges to opt in to a federal regulatory framework designed for national markets, with robust customer protections and clear rules for margin trading. @Bankless
Mike Selig retweeted
For too long, the @CFTC and @SECGov were locked in regulatory turf battles, unable to even agree on who regulates what.
Those days are over. @SECPaulSAtkins and I are turning the page on jurisdictional disputes and bringing long-overdue clarity to American markets. More on @Bankless:
Mike Selig retweeted
Super intelligence is poised to transform our financial markets.
Through the @CFTC's inaugural Frontier Forum, we are bringing together leaders at the intersection of technology and finance to explore the opportunities and risks of super intelligence and help shape the next frontier of American financial innovation.
Read more about our first Frontier Forum on October 28:
cftc.gov/PressRoom/PressRele…
Mike Selig retweeted
CFTC Chairman @ChairmanSelig to @ClayTravis & @BuckSexton on Trump administration effort to bring order to the wild west of crypto.
Mike Selig retweeted
The fight for onion futures continues today in Chicago.
For those wondering how we got here, Congress banned onion futures in 1958 following market manipulation. Decades later, Hollywood successfully pushed to add a prohibition on box office event contracts.
Apparently, this debate still has a few layers left to peel back. Watch:
CFTC Chairman @ChairmanSelig to @ClayTravis & @BuckSexton: the link between regulating betting markets and… onion market manipulation. You read that right. Onions. 🧅
Mike Selig retweeted
Regulatory certainty in crypto markets shouldn’t come with an expiration date.
I’m committed to working across the aisle to establish clear, durable rules of the road that provide lasting regulatory certainty and stand the test of time. More on @Bankless:
Mike Selig retweeted
The @SECGov and @CFTC are moving to end years of regulatory turf wars over crypto.
“For so many years, the two agencies have been locked in turf battles.”
“We’re ending that turf battle once and for all.”
“We’ve put in place a memorandum of understanding between the agencies to work together to make sure that we’re totally harmonized and consistent across our policies, and that includes crypto.”
“Because the tokens themselves are not the securities, but the investment contract is.”
🎬 - @ChairmanSelig
NEW EPISODE - The CFTC’s Proposed Rules to Reshape US Crypto Markets
CFTC Chair @ChairmanSelig joins @TrustlessState to unpack two proposed rules, Reg CTX and Reg CAM, that could reshape US crypto markets.
They break down how traders could use ETH and SOL as collateral, why federal licensing could replace the state-by-state patchwork for participating exchanges, and how the rules aim to prevent another FTX.
CHAPTERS
---
00:00 Intro
03:09 Why Financial Markets Need Federal Regulation
11:13 Who Actually Regulates Spot Bitcoin?
17:27 The CFTC, FinCEN, and State Regulators
22:29 The New Crypto Regulatory Trilogy
27:16 Reg CTX: Bringing Margin Trading Onshore
29:22 Reg CAM: A New Federal Exchange Framework
31:11 The Problem with 50 State Licenses
35:11 What Retail Crypto Leverage Could Look Like
39:24 Ending the SEC and CFTC Turf War
42:58 The Risks of Combining Financial Businesses
54:04 What Other Products Could This Unlock?
56:35 Where the CFTC Gets Its Authority
1:01:05 Can These Rules Survive Without the CLARITY Act?
1:05:05 Prediction Markets and the Supreme Court
1:08:11 How the Crypto Industry Can Respond
Mike Selig retweeted
Offshore-style crypto leverage could be coming to U.S. spot exchanges.
“You can trade on margin. You can say that I will take these assets in my wallet. Let's say you've got ETH and SOL and whatever else. You pledge those as collateral, and you can go trade.”
“It allows you to trade and effectively leverage the capital of your assets instead of just having these sit idle in your wallet.”
“The margin requirements would be set by the exchange in consultation with the CFTC.”
— @ChairmanSelig on proposed Regulation CTX
NEW EPISODE - The CFTC’s Proposed Rules to Reshape US Crypto Markets
CFTC Chair @ChairmanSelig joins @TrustlessState to unpack two proposed rules, Reg CTX and Reg CAM, that could reshape US crypto markets.
They break down how traders could use ETH and SOL as collateral, why federal licensing could replace the state-by-state patchwork for participating exchanges, and how the rules aim to prevent another FTX.
CHAPTERS
---
00:00 Intro
03:09 Why Financial Markets Need Federal Regulation
11:13 Who Actually Regulates Spot Bitcoin?
17:27 The CFTC, FinCEN, and State Regulators
22:29 The New Crypto Regulatory Trilogy
27:16 Reg CTX: Bringing Margin Trading Onshore
29:22 Reg CAM: A New Federal Exchange Framework
31:11 The Problem with 50 State Licenses
35:11 What Retail Crypto Leverage Could Look Like
39:24 Ending the SEC and CFTC Turf War
42:58 The Risks of Combining Financial Businesses
54:04 What Other Products Could This Unlock?
56:35 Where the CFTC Gets Its Authority
1:01:05 Can These Rules Survive Without the CLARITY Act?
1:05:05 Prediction Markets and the Supreme Court
1:08:11 How the Crypto Industry Can Respond
Mike Selig retweeted
NEW EPISODE - The CFTC’s Proposed Rules to Reshape US Crypto Markets
CFTC Chair @ChairmanSelig joins @TrustlessState to unpack two proposed rules, Reg CTX and Reg CAM, that could reshape US crypto markets.
They break down how traders could use ETH and SOL as collateral, why federal licensing could replace the state-by-state patchwork for participating exchanges, and how the rules aim to prevent another FTX.
CHAPTERS
---
00:00 Intro
03:09 Why Financial Markets Need Federal Regulation
11:13 Who Actually Regulates Spot Bitcoin?
17:27 The CFTC, FinCEN, and State Regulators
22:29 The New Crypto Regulatory Trilogy
27:16 Reg CTX: Bringing Margin Trading Onshore
29:22 Reg CAM: A New Federal Exchange Framework
31:11 The Problem with 50 State Licenses
35:11 What Retail Crypto Leverage Could Look Like
39:24 Ending the SEC and CFTC Turf War
42:58 The Risks of Combining Financial Businesses
54:04 What Other Products Could This Unlock?
56:35 Where the CFTC Gets Its Authority
1:01:05 Can These Rules Survive Without the CLARITY Act?
1:05:05 Prediction Markets and the Supreme Court
1:08:11 How the Crypto Industry Can Respond