{"id":79101,"date":"2026-10-05T18:13:11","date_gmt":"2026-10-05T18:13:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cftc-opens-crypto-rulebook-as-selig-tells-industry-build-here\/"},"modified":"2026-10-05T18:13:11","modified_gmt":"2026-10-05T18:13:11","slug":"cftc-opens-crypto-rulebook-as-selig-tells-industry-build-here","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cftc-opens-crypto-rulebook-as-selig-tells-industry-build-here\/","title":{"rendered":"CFTC Opens Crypto Rulebook as Selig Tells Industry &#8216;Build Here&#8217;"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\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\">The CFTC opened a 60-day comment period on a potential federal framework for retail crypto commodity transactions.<\/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\">Chairman Michael S. Selig urged crypto companies to \u201cbuild here\u201d under U.S. rules, with clearer standards and consumer protections.<\/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\">The proposal could create a specialized \u201ccrypto asset market\u201d category and aims to prevent fraud proactively rather than respond after collapses like FTX.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>CFTC Opens Crypto Rulebook as Selig Tells Industry: Stay in America and \u2018Build Here\u2019<\/h2>\n<p>The Commodity Futures Trading Commission (CFTC) is opening the door to a broad new federal framework for crypto markets, and Chairman Michael S. Selig is making no bones about where he wants the industry to build.<\/p>\n<p><a href=\"https:\/\/x.com\/FordhamCrypto\/status\/2107142054514237759?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">Speaking at Fordham\u2019s blockchain regulatory symposium<\/a>, Selig traced crypto from Satoshi Nakamoto and Bitcoin through Ethereum and the offshore exchange era before arriving at Washington\u2019s next act.<\/p>\n<p>\u201cFor years, entrepreneurs building on the air finance, based on certainty, about whether there was a place for them in our market,\u201d Selig said. His answer was considerably shorter:<\/p>\n<blockquote>\n<p>\u201cBuild here.\u201d<\/p>\n<\/blockquote>\n<h2>CFTC Takes the Wraps Off Its Crypto Plan<\/h2>\n<p>On Monday, the CFTC published an <a href=\"https:\/\/www.cftc.gov\/PressRoom\/PressReleases\/9307-26\" target=\"_blank\" rel=\"noopener noreferrer\">Advanced Notice of Proposed Rulemaking (ANPRM)<\/a> seeking comment on a regulatory framework for crypto asset transactions under Section 2(c)(2)(D) of the Commodity Exchange Act. The proposal is not a final rule. Instead, it starts the process of gathering industry and public feedback that could shape future rulemaking. Comments are due within 60 days of publication in the Federal Register.<\/p>\n<p>Among the ideas on the table is a specialized designated contract market registration category called a \u201ccrypto asset market,\u201d purpose-built for covered crypto transactions. The agency is also asking how it can curb abusive practices and formally incorporate crypto-specific compliance practices developed through more than a decade of market oversight.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/selig-turns-up-the-heat-as-cftc-readies-its-own-crypto-rules\/\">The CFTC Chairman<\/a> framed the exercise as more than regulatory housekeeping. \u201cThe American people deserve clarity, certainty, and consumer protections in the crypto asset markets,\u201d he explained on Monday at the event, arguing that the CFTC intends to fold crypto transactions into a uniform national regulatory framework. He also vowed that the commission would pursue rules \u201cdesigned to prevent, rather than only prosecute after the fact, fraudulent schemes such as FTX.\u201d<\/p>\n<h2>From Bitcoin\u2019s \u2018Big Bang\u2019 to Washington\u2019s Rulebook<\/h2>\n<p>Selig\u2019s Fordham speech went considerably further into crypto\u2019s history. He called <a href=\"https:\/\/www.bitcoin.com\/bitcoin.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Nakamoto\u2019s Bitcoin white paper<\/a> \u201cthe Big Bang of a new universe of decentralized networks, applications, and assets,\u201d before describing the Bitcoin protocol as politically and architecturally decentralized, without a single controller or central point of failure.<\/p>\n<p>Ethereum, smart contracts, and tokenization followed, producing what Selig described as a \u201cCambrian explosion of crypto assets.\u201d But the open networks were eventually joined by centralized exchanges and brokerages, some of which set up offshore and <a href=\"https:\/\/news.bitcoin.com\/from-a-32-billion-valuation-to-financial-troubles-an-in-depth-look-at-the-rise-and-fall-of-ftx\/\">later imploded after hacks or fraud<\/a>. That history supplies the backdrop for the CFTC\u2019s latest swing at the regulatory ball.<\/p>\n<p>\u201cIf the regulators get the rules right, they can usher in a golden age,\u201d Selig stressed at the event. The framework, he argued, would establish \u201cclear rules of the road\u201d while giving firms serving Americans a path to operate under the Commodity Exchange Act.<\/p>\n<h2>Selig\u2019s Message to Crypto: Stay in America<\/h2>\n<p>The speech eventually boiled the commission\u2019s pitch down to keeping startups, entrepreneurs, investors, and builders in the United States. Selig followed with another call to action: \u201cBuild markets that are open, competitive, and worthy of the public\u2019s trust.\u201d Then came the regulatory bargain Washington is putting on the table:<\/p>\n<blockquote>\n<p>\u201cBuild under American rules and American standards.\u201d<\/p>\n<\/blockquote>\n<p>For now, those rules are still being written. <a href=\"https:\/\/news.bitcoin.com\/igaming\/cftc-wants-event-contracts-defined-as-swaps-but-not-casino-games\/\">The U.S. commodities regulator<\/a> is asking questions, collecting comments, and deciding what a purpose-built federal crypto market regime should actually contain. The heat is on, but nobody has inked the final rulebook yet.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/cftc-gives-crypto-wallet-developers-a-new-regulatory-escape-hatch\/\"><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/cftc-gives-crypto-wallet-developers-a-new-regulatory-escape-hatch\/\"><img alt=\"CFTC Gives Crypto Wallet Developers a New Regulatory Escape Hatch\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fcftc-building-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fcftc-building-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fcftc-building-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fcftc-building-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fcftc-building-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fcftc-building-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fcftc-building-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fcftc-building-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fcftc-building-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fcftc-building-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fcftc-building-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fcftc-building-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">The U.S. Commodity Futures Trading Commission (CFTC) just opened a regulatory side door for software developers, allowing some to market\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/cftc-opens-crypto-rulebook-selig-tells-industry-build-here\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways The CFTC opened a 60-day comment period on a potential federal framework for retail crypto commodity transactions. Chairman Michael S. Selig urged crypto companies to \u201cbuild here\u201d under U.S. rules, with clearer standards and consumer protections. The proposal could create a specialized \u201ccrypto asset market\u201d category [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":79102,"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\/79101"}],"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\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79101"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79102"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}