The CFTC Chairman outlined key future tasks: establishing encryption rules and ending regulatory conflicts with the U.S. SEC.

Mike Selig, the 16th Chairman of the U.S. Cross-Border Confederation of Traders (CFTC), stated at the FIAconnect Global Clearing Markets Conference in Florida that the United States is in the midst of a technological revolution driven by AI, blockchain, and prediction markets. He pointed out that the CFTC's key priorities for the coming years include: establishing clear rules (including the classification of crypto perpetual contracts) to ensure the U.S. maintains its position as a global crypto hub; ending the jurisdictional dispute with the U.S. Securities and Exchange Commission (SEC) and the "enforcement over regulation" model; establishing standards for prediction markets; and propelling the U.S. to become a leading market in AI computing power. Furthermore, Selig emphasized that the Commission will return to its core responsibilities, addressing the legacy of the Dodd-Frank Act and shifting its focus from climate policy to core areas such as agriculture, energy, and critical minerals. He stated that it is essential to ensure innovators are not bound by outdated regulations.