Commodity Futures Trading Commission (CFTC) Chairman Mike Selig announced a broad agenda to provide regulatory clarity for decentralized finance (DeFi), crypto derivatives, and prediction markets. Speaking in Boca Raton, Florida, Selig declared the U.S. the "crypto capital of the world" and emphasized enhanced regulator coordination.
The CFTC will issue guidance on prediction markets, also known as event contracts, and initiate rulemaking. Selig stressed the growing significance of these markets and the agency's intent to assert regulatory authority.
Selig also addressed DeFi developers, stating the CFTC will clarify registration requirements for software providers. The agency is examining U.S. law's application to leveraged crypto spot trading and margined trading standards. New guidance on "actual delivery" standards is also expected, replacing outdated regulations.
Furthermore, the CFTC is analyzing the classification of perpetual derivatives, a key product in global crypto markets. Selig highlighted the rise of AI and automated trading systems, noting the need for regulatory frameworks to support innovation.