Michael Selig, the prospective chair of the U.S. Commodity Futures Trading Commission, addressed lawmakers at his nomination hearing on Wednesday regarding DeFi regulation and digital asset oversight. He said it is vitally important that we have a cop on the beat to oversee crypto markets and on-chain activity. When asked about regulating decentralized finance, he said the regulator should be looking to on-chain markets and applications and considering the features of these applications as well as where there’s an intermediary involved. Selig, who previously served as Chief Counsel of the SEC Crypto Task Force, advocates for clear, innovation-friendly regulation that protects investors while supporting industry growth.
Observers view his remarks as signaling a move toward more structured oversight of crypto markets and on-chain activity, reinforcing a regulatory framework that balances investor protection with industry growth. His background and public comments suggest a regulatory posture that aims to align innovation with safeguards for participants in the digital asset space.
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