CFTC Chairman Michael Selig stated that regulators must provide space for financial innovation to lead as the global derivatives market enters a new development phase, addressing one of the world's largest financial markets.
CFTC Chair Michael Selig stated the agency is correcting what he called a flawed enforcement action against Gemini Space Station, the Winklevoss brothers' crypto exchange, alleging the case represented political 'lawfare' and attempting to undo a 2025 settlement.
CFTC Chairman Michael Selig faced intense bipartisan questioning from House lawmakers over the agency's approach to prediction markets, sports betting contracts, and oversight of crypto derivatives platform Hyperliquid amid staffing concerns.
The Commodity Futures Trading Commission announced five members for its innovation task force focused on crypto, AI, and prediction market rules as the agency expands regulatory work while the CLARITY Act awaits Senate action.
