2026-01-21 05:24:08

The new Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, sent an important signal within his first month in office — regulatory agencies are shifting their mindset. Last week, he announced the launch of a new initiative called "Future-Proof," with a clear core goal: to ensure that the CFTC's regulation of emerging products like digital assets keeps pace with the times.

Selig stated in a media column that this long-standing derivatives regulator urgently needs an "upgrade." Many current rules were designed decades ago for agricultural commodity futures markets and do not consider today's emerging trading scenarios and digital assets. He proposed a core concept called "Minimum Effective Dose Regulation" — essentially, regulation should be precise and efficient, not using old methods to regulate new industries.

Selig's view is that American companies are transforming traditional financial systems with new technologies, and the CFTC must keep up. Only by upgrading regulatory approaches can industry innovation be truly unleashed.

Meanwhile, Congress is also pushing forward with digital asset legislation. Lawmakers plan to expand the CFTC's regulatory authority over the crypto industry. The "Clarity Act" for digital asset markets was initially set to advance, but last week it was delayed due to disagreements over how to handle stablecoin yields. The Senate Banking Committee has yet to reach a consensus on this issue.

However, Selig stated that the CFTC is ready. He said that as long as Congress fulfills its promise to make the U.S. a global crypto hub and enacts relevant digital asset market structure legislation, the CFTC will be capable of taking over regulatory responsibilities. These signals indicate that the U.S. is accelerating the shaping of a digital asset regulatory framework, which could be a turning point for the entire industry.

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DoomCanister

· 01-21 19:19

Finally, someone is going to bring the CFTC into the modern era. The efficiency is truly impressive. Selig's move is really satisfying; after decades of old rules applying to digital assets, who can stand it? They're still arguing over stablecoins. Where's the promised clarity... If the US really wants to become the global crypto hub, this move must be well played. Let's wait and see if Congress can stop dragging their feet this time. Only when promises are fulfilled do they count.

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CoffeeNFTrader

· 01-21 05:53

Selig, this guy is still a smart person. At least someone dares to say that the old rules are garbage. The problem is whether the folks in Congress can really cooperate; they've been dragging out the stablecoin issue for so long and still haven't sorted it out...

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AirdropAutomaton

· 01-21 05:52

Selig's move this time is okay; at least someone understands that the old rules are no longer applicable to new things... However, the stablecoin sector is still arguing, and U.S. policy is just like that—taking it step by step.

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GateUser-9ad11037

· 01-21 05:43

Finally, there's a chairman brave enough to speak the truth. Don't keep using outdated rules from decades ago to regulate new industries. I give this attitude five stars.

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BuyHighSellLow

· 01-21 05:39

Selig's concept of "minimum effective dose" sounds good, but whether it can really be implemented depends on the actual situation. Is the US about to become the global crypto hub again? First, get the stablecoin issue sorted out; Congress can't even agree on that. I quite like the idea of upgrading regulatory approaches; it's definitely time to change the old routines. Wait, postponing is postponing. When will this bill actually pass? We've been hearing promises for over a year... Future-Proof is a good name; hopefully, it won't just be thunder without rain.

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LiquidationWatcher

· 01-21 05:30

Finally, someone is willing to abandon the old rules. The CFTC really needs to change its attitude this time. They're still arguing over stablecoins. Congress always drags its feet—when will they really make a decision? I like the term "minimum effective dose"—much more reliable than those old-fashioned regulatory officials. Does the US really want to become a crypto hub? First, ask about the attitude of each state; it still feels far off. Selig has been making quite a few tough statements this month. Let's see if he can really keep up the pace. Regulatory upgrades are good, but don’t turn them into another form of control—that would be pointless. Are rules from decades ago still in use? The CFTC is really falling behind; reforms should have been pushed long ago. The turning point might be a bit of an overstatement. There are still a bunch of people over at Congress just sitting on their hands—how could it be quick?

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LiquidatedThrice

· 01-21 05:29

Selig's concept of "minimum effective dose" sounds good, but when it actually gets implemented, can we avoid coming up with new tricks again? --- Finally, someone said that the old rules are not suitable for the new industry. This should have been said a long time ago. --- The words sound nice, but it depends on whether Congress can cooperate. Otherwise, we'll have to wait again. --- There's still a lot of bickering about stablecoins; the road to compliance is still long. --- Upgrading and renewing is the right move, but don't end up adding new shackles as you upgrade.

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