Mike Selig, chair of the U.S. Commodity Futures Trading Commission, said the United States will no longer stand by as crypto business shifts overseas and other countries set the standards. In a public statement, Selig said the crypto industry is returning to the U.S. He added that clear regulatory rules would help keep the industry in the country and allow the United States to lead its development. The remarks center on regulation and the location of crypto business activity, with Selig framing clearer rules as a way to retain the sector domestically rather than see it develop under standards set elsewhere. The statement was reported by Odaily.
Mike Selig, chair of the U.S. Commodity Futures Trading Commission (CFTC), said the United States will no longer stand by as crypto business moves overseas and other countries set the standards.
In a public statement, Selig said the crypto industry is returning to the U.S. He added that clear regulatory rules would help keep the industry in the country and let the United States lead its development.
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