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U.S. CFTC Chair Says Crypto "Regulation by Enforcement" Era Has Ended

In a March 9 interview with Bankless, CFTC (U.S. derivatives regulator) Chair Mike Selig linked the shift to passage of the GENIUS Act.

Summary

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Terms & Concepts
  • CFTC: The Commodity Futures Trading Commission, the U.S. regulator overseeing derivatives markets, including some crypto-related products.
  • Regulation by enforcement: A policy approach where authorities shape industry behavior mainly through lawsuits or penalties rather than clear rulemaking.
  • GENIUS Act: A U.S. legislative measure cited in the source as marking a policy shift for the crypto industry.