CFTC Chairman: To Continue Issuing Crypto Regulatory Rules Based on Existing Authority

Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission, stated that regulators already possess substantial existing statutory authority; while participating in the work of the President's Working Group on Digital Asset Markets, he has studied statutory authorizations and legislative-level powers, and will continue to issue regulatory rules for the crypto sector based on existing regulatory authority, preparing for the development of new financial frontiers.