CFTC Chairman Mike Selig says agency is turning page on crypto innovation
Selig said years of opposition to digital assets had held back financial innovation as the regulator works with innovators on what he called a new frontier in finance.
Fact Check
CFTC.gov confirms Michael S. Selig is the confirmed CFTC Chairman with a strongly pro-crypto-innovation agenda, and Norton Rose Fulbright references his public statements in that vein, making the general claim plausible. However, the exact quoted language ('anti-crypto armies, doomers, and decelerationists') could not be verified against any primary CFTC statement or independent news reporting; the only supporting item is a Watcher.Guru social-media repost, which is not authoritative and paraphrases rather than quotes. The core thrust is consistent with the record, but the specific attribution and phrasing remain uncorroborated.
Summary
CFTC Chairman Mike Selig said the U.S. Commodity Futures Trading Commission is "turning the page" on crypto after years in which opponents of digital assets, or cryptocurrencies, suppressed financial innovation. On Aug. 18, Selig said anti-crypto forces, pessimists and groups seeking to hinder technological progress had held back innovation for years, framing the agency's current direction as one that works with innovators to forge a path toward what he called a new frontier in finance.
Terms & Concepts
- Digital assets: A broad term for electronically issued or recorded assets, including cryptocurrencies and other token-based instruments.
- CFTC: The U.S. Commodity Futures Trading Commission, the regulator that oversees derivatives markets.