Financial markets could change more over the next decade than in the previous several decades combined, CFTC Chair Michael Selig said at a U.S. Treasury Market conference hosted at the New York Fed. He urged regulators to prepare for large-scale tokenization and update existing rules for blockchain and artificial intelligence. Selig also said the CFTC would seek more ways to encourage responsible stablecoin adoption by market participants, exchanges and clearinghouses. The agency has issued guidance and sought public comment on 24/7 trading in energy derivatives over the past year, and in February added a stablecoin issued by National Trust Bank to the pool of eligible collateral. The SEC last week issued an innovation exemption creating room for onchain trading of tokenized stocks.