U.S. Commodity Futures Trading Commission Chairman Mike Selig said in a CNBC interview that there will be no "race to the bottom" on leverage in the crypto market. He said the CFTC plans to apply mature margin models and risk control measures that have long been used in derivatives markets to preserve market integrity. The remarks point to an approach that draws on existing derivatives risk frameworks rather than allowing weaker standards for crypto-related leverage. Selig’s comments, as cited by ChainCatcher, focused specifically on leverage and the use of established safeguards from traditional derivatives oversight.
U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig said in a CNBC interview that there will be no "race to the bottom" on leverage.
He said the CFTC will apply mature margin models and risk control measures used for years in derivatives markets to maintain market integrity to the crypto market.
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