CFTC chief poses questions about policing AI but calls it a road to ‘autonomous trading’
The U.S. Commodity Futures Trading Commission held a forum in which the chairman, Mike Selig, suggested AI agents may usher in a financial revolution.
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The U.S. Commodity Futures Trading Commission held a forum in which the chairman, Mike Selig, suggested AI agents may usher in a financial revolution.
The crypto exchange already paid up, but a court order and restrictions from its 2025 settlement will not be lifted even though the CFTC said the case should have never been presented.
Jeff Yan told Bloomberg that U.S. regulatory oversight should apply to the firms using the blockchain, not to the underlying network itself.
Executives see openings for tokenization, DeFi and dealmaking, while lawyers warn agency action leaves spot-market oversight and lasting certainty unresolved.
The prediction market’s head of U.S. operations says the business is taking steps to legitimize itself after years of legal scrutiny.
As Congress weighs crypto legislation, Aaron Klein says the CFTC needs more resources, independence and coordination to oversee digital markets.
The regulator went back to analyze the 2022 case and decided that it wouldn’t have been pursued under current management and practices.
U.S. President Donald Trump said it was “critically important” that the CFTC keep “exclusive authority” over prediction markets, echoing CFTC Chair Michael Selig.
Chairman Michael Selig says the agency has already taken several states to court to prove that sports contracts aren’t just betting but that they’re derivatives.
Selig said states do not have the ability to police prediction market providers, echoing his agency’s stance as it pursues court cases to cement its authority.