{"id":73924,"date":"2026-06-12T10:40:41","date_gmt":"2026-06-12T10:40:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cftcs-mike-selig-vows-to-end-regulation-by-enforcement-as-he-steers-us-crypto-solo\/"},"modified":"2026-06-12T10:40:41","modified_gmt":"2026-06-12T10:40:41","slug":"cftcs-mike-selig-vows-to-end-regulation-by-enforcement-as-he-steers-us-crypto-solo","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cftcs-mike-selig-vows-to-end-regulation-by-enforcement-as-he-steers-us-crypto-solo\/","title":{"rendered":"CFTC&#8217;s Mike Selig Vows to End Regulation by Enforcement as He Steers US Crypto Solo"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Selig has pledged to end \u201cregulation by enforcement,\u201d promising rule-based CFTC crypto oversight.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">As the CFTC\u2019s only commissioner, Selig now sets policy over crypto, derivatives and a $36.6B prediction market.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">A finalized perpetual-futures rule could return offshore crypto trading to U.S.-regulated venues during 2026.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">\u2018Not Regulating by Enforcement\u2019<\/span><\/h2>\n<p><span style=\"font-weight:400\">Selig, confirmed to lead the CFTC in December 2025, used <a href=\"https:\/\/twitter.com\/WatcherGuru\/status\/2065170094158667990\" target=\"_blank\" rel=\"noopener noreferrer\">remarks this week<\/a> to draw a hard line under the previous era of U.S. <span>crypto<\/span> policy. \u201cFor too long, <span>crypto<\/span> markets have operated under uncertainty,\u201d he said, adding that the agency is \u201c<\/span><span style=\"font-weight:400\">not regulating by enforcement<\/span><span style=\"font-weight:400\"> and opaque rules.\u201d<\/span><\/p>\n<p><span style=\"font-weight:400\">The message is one Selig has repeated since taking office, and as part of his <\/span><a href=\"https:\/\/www.cftc.gov\/PressRoom\/SpeechesTestimony\/opaselig1\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">Project Crypto<\/span><\/a><span style=\"font-weight:400\"> agenda, he recently argued that a<\/span><span style=\"font-weight:400\"> \u201cdecelerationist\u201d approach treated innovation as a threat, \u201cresulted in regulation by enforcement and forced American innovators to flee the U.S. and build beyond our borders.\u201d <\/span><\/p>\n<figure id=\"attachment_822264\" aria-describedby=\"caption-attachment-822264\" style=\"width:746px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-822264\" class=\"wp-caption-text\">Image source: CFTC.gov<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">He has separately warned that \u201carbitrary, cumbersome and opaque rules will not stand the test of time,\u201d and cast the moment in sweeping terms, writing in an op-ed that America\u2019s financial markets are ready for a <\/span><a href=\"https:\/\/www.cftc.gov\/PressRoom\/SpeechesTestimony\/seligstatement012026\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">golden age<\/span><\/a><span style=\"font-weight:400\"> under clearer digital-asset rules.<\/span><\/p>\n<p><span style=\"font-weight:400\">Selig framed the shift as a return to fundamentals, adding that the agency\u2019s Enforcement Division, should focus on fraud, manipulation and insider trading rather than setting policy through litigation. The stance mirrors a broader pivot in Washington, where the CFTC and the Securities and Exchange Commission (SEC) issued a joint statement clarifying how federal securities laws apply to <span>crypto<\/span> assets.<\/span><\/p>\n<h2><span style=\"font-weight:400\">One Commissioner, Sweeping Power<\/span><\/h2>\n<p><span style=\"font-weight:400\">Selig\u2019s pledge carries unusual weight because he is, for now, the CFTC\u2019s only sitting commissioner. This effectively means that he holds <\/span><a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/2065241607767793867\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">key regulatory decision-making power<\/span><\/a><span style=\"font-weight:400\"> over <span>crypto<\/span> assets, <span>prediction markets<\/span> and derivatives, concentrating authority normally divided among a five-member commission.<\/span><\/p>\n<p><span style=\"font-weight:400\">That said, such a degree of concentration has invited scrutiny, with Senator Elizabeth Warren recently questioning the agency\u2019s ability to police <span>prediction markets<\/span> and <span>crypto<\/span>, raising concerns about industry capture. <span>Bitcoin.com<\/span> News reported on the oversight clash after Warren <\/span><a href=\"https:\/\/news.bitcoin.com\/crypto-oversight-in-the-spotlight-after-warren-questions-federal-regulation\/\"><span style=\"font-weight:400\">pressed federal regulators<\/span><\/a><span style=\"font-weight:400\"> on the matter.<\/span><\/p>\n<p><span style=\"font-weight:400\">However, supporters have countered the narrative, stating that a single, decisive chair can finally deliver the rules the industry has demanded for years. Selig has argued for the CFTC\u2019s <\/span><span style=\"font-weight:400\">exclusive regulatory authority<\/span><span style=\"font-weight:400\"> over <span>prediction markets<\/span>, resisting efforts by individual states to assert control.<\/span><\/p>\n<h2><span style=\"font-weight:400\">Perpetuals and <span>Prediction Markets<\/span> Move First<\/span><\/h2>\n<p><span style=\"font-weight:400\">Under Selig\u2019s leadership, the CFTC has already cleared the first U.S.-regulated <span>crypto<\/span> perpetual futures contract, a milestone that helped lift Hyperliquid\u2019s HYPE token to a <\/span><a href=\"https:\/\/news.bitcoin.com\/hyperliquid-hype-record-67-cftc-perpetuals-2026\/\"><span style=\"font-weight:400\">record near $67<\/span><\/a><span style=\"font-weight:400\">. Moving forward, he has said that the agency will craft rules letting U.S. investors trade perpetual futures domestically rather than on offshore exchanges.<\/span><\/p>\n<p><span style=\"font-weight:400\">Selig has also advanced a <\/span><a href=\"https:\/\/news.bitcoin.com\/cftc-chairman-selig-backs-prediction-markets-with-new-case-by-case-framework\/\"><span style=\"font-weight:400\">case-by-case framework<\/span><\/a><span style=\"font-weight:400\"> for <span>prediction markets<\/span>, publishing a proposed rule on June 10 that applies a 90-day review and a public-interest test to event contracts. Most sports contracts would be permitted, while war, terrorism and assassination markets remain candidates for prohibition. <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-prediction-markets\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Prediction markets<\/a> hit $36.6 billion in <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">trading volume<\/a> in the first quarter of 2026, overtaking gambling for the first time.<\/span><\/p>\n<p><span style=\"font-weight:400\">The approach has drawn praise from President Donald Trump, who defended <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-prediction-markets\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">prediction markets<\/a> and <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> in a <\/span><a href=\"https:\/\/news.bitcoin.com\/trump-defends-prediction-markets-and-bitcoin-in-truth-social-post-praising-cftcs-selig\/\"><span style=\"font-weight:400\">Truth Social post<\/span><\/a><span style=\"font-weight:400\"> praising Selig.<\/span><\/p>\n<p><span style=\"font-weight:400\">The open question now is whether Selig can convert speeches into durable rulemaking before more commissioners are confirmed and the balance of power shifts. Rules written by a lone chair can be revisited once the commission is rebuilt, and Warren\u2019s camp is likely to challenge any framework seen as too permissive.<\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/cftc-mike-selig-end-regulation-by-enforcement\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Selig has pledged to end \u201cregulation by enforcement,\u201d promising rule-based CFTC crypto oversight. As the CFTC\u2019s only commissioner, Selig now sets policy over crypto, derivatives and a $36.6B prediction market. A finalized perpetual-futures rule could return offshore crypto trading to U.S.-regulated venues during 2026. \u2018Not Regulating [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":73925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73924"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73924"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73925"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}