Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), said that outdated regulations must not be allowed to hinder innovation. He noted that a new technological revolution is underway, with artificial intelligence (AI), blockchain, and prediction markets rapidly changing the landscape. Selig emphasized that in the coming years, the CFTC plans to focus on: - Ending jurisdictional disputes and coercive regulation with the U.S. Securities and Exchange Commission (SEC). - Establishing regulations for cryptocurrency perpetual futures and prediction markets.
US CFTC chair vows to support blockchain, prediction market innovation
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