CFTC Chairman Michael Selig says the U.S. is shifting from what he calls “regulation by enforcement” to a clearer, rule-based approach for digital assets. He recently said the agency wants companies to follow transparent rules instead of relying on enforcement actions to set policy.
Selig said the CFTC will focus its enforcement on fraud, manipulation, insider trading, and other serious abuses, rather than minor technical violations. He believes this will encourage legitimate companies to stay and operate in the U.S. instead of moving overseas.
The chairman said this change is part of a bigger goal to make the U.S. a global leader in digital asset markets. He mentioned ongoing work on the CLARITY Act, which aims to clarify the line between commodities and securities in crypto.
Selig also highlighted the agency’s interest in new technologies like blockchain, artificial intelligence, and prediction markets. He said the CFTC’s Innovation Task Force is working with developers to support innovation while keeping markets safe.
His comments came soon after the agency said it would review a past enforcement action involving the Gemini exchange. Selig described that case as part of a larger trend of aggressive legal pressure that he thinks marked earlier regulatory policy.
Although working with the SEC and state regulators is still challenging, Selig said the CFTC aims to offer more predictable oversight while continuing to protect markets from fraud and abuse.
As a former attorney who spent years defending crypto clients against government overreach, I can say this: innovators should not need a defense attorney.
Under my leadership at the @CFTC, the days of arbitrary enforcement and regulatory uncertainty are over. We are building… pic.twitter.com/grLqwxTkpX
— Mike Selig (@ChairmanSelig) June 8, 2026
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