PiCK
'Pro-virtual-asset' figure Michael Selick officially sworn in as US CFTC chair
Summary
- 'Pro-virtual-asset' leaning Michael Selick was reported to have officially taken office as the US CFTC chair.
- It was reported that Chair Selick has shown a favorable stance toward Bitcoin and the virtual asset industry.
- It was reported that this chair change could affect the direction of virtual asset derivatives regulation and the market supervision stance.
A figure known for a pro-virtual-asset (cryptocurrency) stance has officially taken office as the head of the U.S. Commodity Futures Trading Commission (CFTC).
On the 23rd (local time), according to Bitcoin Magazine, Michael Selick completed the official swearing-in the previous day and began his term as CFTC chair. Chair Selick is regarded as someone who has shown a relatively favorable stance toward Bitcoin (BTC) and the virtual asset industry.
The CFTC is the key regulatory agency that oversees major virtual asset derivatives such as Bitcoin and Ethereum. The change of chair has attracted industry attention because it could affect the future regulatory direction and market supervision stance of the virtual asset derivatives market.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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