CFTC chairman Michael S. Selig has launched a “Future-Proof” initiative to rewrite crypto regulations and end enforcement-based policymaking that drove U.S. companies offshore.
CFTC Shifts From Lawsuits To Rule-Writing
Selig on Tuesday announced the agency will stop using enforcement actions to set crypto policy and instead write formal rules through public notice-and-comment processes.
The difference matters because formal rules are permanent and future administrations cannot easily reverse them.
Biden-era agencies used guidance documents and enforcement actions, which Trump regulators erased on day one.
“We will end regulation by enforcement and ensure new markets flourish at home with tailored rules,” Selig wrote in a Washington Post op-ed.
The CFTC will review all existing regulations designed for agricultural futures contracts and modernize them for blockchain assets, AI-powered trading, and prediction markets.
Why Crypto Companies Left The U.S.
The …