Michael Selig, chair of the U.S. Commodity Futures Trading Commission, said at a White House cryptocurrency meeting early today that more details on the agency’s future regulatory path will be outlined at the first meeting of the CFTC’s Innovation Advisory Committee scheduled for tomorrow. Selig said the path is intended to give innovators greater certainty and help strengthen market confidence over the coming decades. He also argued that innovation depends on regulatory clarity, saying clear rules build confidence, confidence draws investment, and investment creates jobs, strengthens U.S. markets, and helps keep top global talent building in the United States.
Michael Selig, chair of the U.S. Commodity Futures Trading Commission, said at a White House cryptocurrency meeting early today that more details on the future regulatory path will be shared tomorrow at the first meeting of the CFTC Innovation Advisory Committee.
Selig said that path is meant to provide innovators with greater certainty while supporting market confidence over the coming decades.
He added: "Innovation depends on regulatory clarity. Clear rules create confidence, confidence attracts investment, and investment creates jobs, strengthens our markets, and attracts the world’s top talent to keep building in the United States."
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