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CFTC Chair Michael Selig says agency is using existing authority for crypto rules

  • CFTC Chair Michael Selig says the agency is establishing a regulatory market structure for crypto assets.
  • CFTC is moving ahead with clear industry rules, Selig says.
  • The agency is relying on its existing statutory authorities for the initiative.

CFTC Chair Michael Selig said the agency is using its existing statutory authorities to establish a regulatory market structure for crypto assets. Selig said the CFTC is moving ahead with clear rules for the industry, though no specific measures or timeline were provided.

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