CFTC Chair Selig backs onchain finance rules at Link:NYC

CFTC Chairman Michael Selig has pledged to help reshape regulations for onchain finance during Chainlink’s Link:NYC event, as the agency develops a federal registration pathway for crypto trading platforms. Summary Selig pledged regulatory work supporting onchain finance at Link:NYC. The CFTC’s crypto exchange registration framework remains under consultation. Existing plans distinguish ordinary spot trading from leveraged retail transactions. SEC cooperation and prediction-market oversight form separate parts of the agency’s agenda. Chainlink’s official event updates attributed the remarks to Selig at the Oct. 29 gathering, where he praised companies working on blockchain-based financial markets. CFTC Chair Selig promises work on onchain finance In the statement published by the event organizer, Selig said the future of onchain finance could be determined by discussions taking place at the conference. He expressed the agency’s support for companies developing the sector and its willingness to help reshape the applicable regulations. “We’re excited to play a role in reshaping regulations for this ecosystem,” Selig said. His appearance follows an October consultation on how crypto p...