U.S. Commodity Futures Trading Commission Chairman Mike Selig said the agency has authority to establish a regulatory framework for crypto markets and is using that authority without waiting for additional legislation. He said the framework will protect users’ right to self-custody while safeguarding assets held by trusted third-party custodians, and that virtual-asset derivatives should follow the same margin standards as traditional markets. Selig called direct asset control a defining principle of Bitcoin and blockchain technology, using the phrase "Not your keys, not your coins" and expressing complete support for self-custody. The statements did not identify a specific policy change or regulatory action.