U.S. Commodity Futures Trading Commission Chair Michael Selig unveiled a "New Financial Frontier Roadmap" at an Innovation Advisory Committee meeting, laying out three regulatory priorities: crypto assets, AI compute markets and prediction markets. On crypto, the agency said it will keep pushing Congress to pass market structure legislation including the CLARITY Act. If legislation remains stalled, the CFTC is prepared to study how to build a crypto market oversight regime under its existing authority, including the possibility of designating some exchanges as a special type of designated contract market. Selig also said staff have been directed to engage with on-chain protocol developers on compliance pathways. On AI, the CFTC is concentrating on compute markets and has already worked with the Commerce Department on a request for comment covering spot, forward and derivatives frameworks. On prediction markets, Selig said the CFTC has exclusive federal jurisdiction over lawful derivatives while the agency advances changes to Rule 40.11, updates to the fully collateralized event contract data reporting regime, and adjustments to core principles under Parts 38 and 40, with retail protection, product governance and market design at the center.
U.S. Commodity Futures Trading Commission Chair Michael Selig used an Innovation Advisory Committee meeting to roll out a "New Financial Frontier Roadmap" centered on three regulatory tracks: crypto assets, AI compute markets and prediction markets.
Crypto remains a top policy priority
On crypto, the CFTC said it will continue to prioritize congressional passage of market structure legislation, including the CLARITY Act. If that effort remains stalled, the agency is prepared to examine how a crypto market regulatory regime could be built using its existing authority.
Selig said one option under review could involve designating some exchanges as a special type of designated contract market. He also said staff have already been instructed to speak with developers of on-chain protocols about compliance pathways.
AI work centers on compute markets
For AI, the CFTC is focusing on compute markets. The agency has also worked with the U.S. Department of Commerce to issue a request for comment as it studies spot, forward and derivatives frameworks.
Prediction market rules are also in focus
On prediction markets, Selig said the CFTC has exclusive federal jurisdiction over lawful derivatives.
At the same time, the agency is advancing amendments to Rule 40.11, updates to the data reporting regime for fully collateralized event contracts, and adjustments to core principles under Parts 38 and 40. The stated areas of focus are retail investor protection, product governance and market design.
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