CFTC Chair Selig Says Regulator Is Preparing for ‘24-7, On-Chain’ Markets

According to Bitcoin Magazine, Commodity Futures Trading Commission Chair Mike Selig stated that the regulatory agency is preparing for a transition toward "24-7, on-chain" markets. Speaking to CNBC, Selig described it as an exciting time for regulating crypto and artificial intelligence markets.

This comes as the CFTC moves forward with rulemaking despite lawmakers blocking the Clarity Act last week. The landmark legislation intended to divide oversight between regulators to distinguish whether digital assets are securities, commodities, or stablecoins. The bill stalled due to banking lobby issues regarding stablecoin rewards and ethics concerns raised mostly by Democrats. Despite this, Selig noted the watchdog will still help U.S. President Trump regulate digital assets.

Selig emphasized that rapidly evolving markets require the agency to reevaluate rules to prepare for automated markets driven by algorithms and agentic finance. Meanwhile, the CFTC recently sent a proposal to the White House to regulate crypto transactions, and the SEC approved tokenized stock trading and proposed a framework for crypto asset offerings.