CFTC Chair Mike Selig announced "Project Crypto," a joint initiative with the SEC to unify cryptocurrency regulation. The hearing also addressed exclusive jurisdiction over prediction markets and a fresh investigation into oil sector insider trading to ensure overall market integrity and clarity.

CFTC Chair Mike Selig recently testified before the U.S. House Agriculture Committee. According to Foresight News, the hearing addressed several key topics, including the jurisdiction over prediction markets, a new investigation into insider trading in the oil sector, and the collaborative 'Project Crypto' initiative with the U.S. Securities and Exchange Commission (SEC) aimed at regulating cryptocurrencies.