CFTC Chief Says U.S. Must Avoid Another FTX Collapse

Chairman Selig says the CFTC (U.S. derivatives regulator) aims to protect Americans from crypto fraud while balancing innovation and market integrity.

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Terms & Concepts
  • CFTC: The Commodity Futures Trading Commission, the U.S. regulator overseeing derivatives markets, including some crypto-related trading products.
  • FTX: A failed crypto exchange whose collapse became a major example of fraud, risk management failure, and customer asset misuse in digital asset markets.
  • Market integrity: A principle that markets should operate fairly, transparently, and without manipulation or abusive conduct.