CFTC Chair Selig: The U.S. is the "Crypto Capital," Future-Proofing Regulation to Unleash Innovation
CFTC Chair Mike Selig made that exact statement on January 24, 2026. He was referring to the United States and the ongoing efforts to establish a clear regulatory framework for digital assets to foster domestic innovation.
Key Insights
Context: Selig's statement aligns with his "Future-Proof" initiative, a plan to modernize the CFTC's decades-old regulations, which he argues were designed for traditional agricultural futures and are ill-suited for the evolving digital asset economy.
Goal: The ultimate objective of his regulatory approach is to provide the legal clarity that encourages crypto entrepreneurs to build within the U.S. under American law, rather than seeking more permissive environments offshore.
Collaboration: Selig, who previously served at the SEC, is actively working with SEC Chair Paul Atkins to harmonize the two agencies' regulatory approaches to crypto. They are holding a joint event on January 27, 2026, to discuss these harmonization efforts.
Legislative Push: The initiative is being pursued in the context of potential new legislation from Congress, such as the Digital Asset Market Clarity Act, which would expand the CFTC's regulatory authority over the crypto spot markets.
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