CFTC Chair Michael Selig Says Crypto Will Power Finance as Markets Move On-Chain

Michael Selig of the CFTC (U.S. derivatives regulator) said crypto will drive a new financial frontier as markets increasingly shift on-chain (recorded on blockchain networks).

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Terms & Concepts
  • CFTC: The Commodity Futures Trading Commission, the U.S. regulator overseeing derivatives markets, including some crypto-related products.
  • On-chain: Activity recorded directly on a blockchain, allowing transactions and other market actions to be verified on the network.
  • Crypto: Digital assets that use blockchain networks to transfer value, support applications, or power decentralized financial activity.