Radical spin on the #CFTC
Mike Selig hands over the keys to regulation to the crypto Giants
Just weeks after assuming the presidency, Mike Selig has transformed the former Technology Advisory Committee into a new and powerful Innovation Advisory Committee, specifically designed to draft the rules of the "new financial frontier".
The "Dream Team" of the Sector: Selig has institutionalized a core group of crypto experts as founding members. Notable names include Tyler #Winklevoss (Gemini), Arjun Sethi (Kraken), and executives from Crypto.com, Bitnomial, and Bullish.
Beyond Traditional Trading: The inclusion of leaders from Polymarket and Kalshi (prediction markets) alongside traditional giants such as #NASDAQ and #cme Group confirms that the CFTC aims for a hybrid ecosystem where blockchain technology serves as the foundation.
Selig has been clear: the agency will move away from outdated frameworks to develop a "suitable market structure" integrating AI, blockchain, and cloud computing, distancing itself from the punitive vision of previous years.
The agency positions itself to become the primary regulator of cryptocurrencies in the U.S. and has opened a deadline until late January for the public to suggest new members and topics for discussion.
$IP
