Summary
- The US Commodity Futures Trading Commission (CFTC) said it is prepared to oversee the broader digital-asset (cryptocurrency) market.
- CFTC Chair Michael Selig said, "We are ready to oversee the entire digital-asset market and are ready to be held accountable."
- He reiterated that, regarding prediction markets, the only regulator with oversight of the sector is the CFTC.
Forecast Trend Report by Period
The US Commodity Futures Trading Commission (CFTC) has signaled its intent to oversee the broader digital-asset (cryptocurrency) market.
According to crypto-focused media outlet Cointelegraph on the 1st (local time), CFTC Chair Michael Selig said, marking his 100th day in office, "We are ready to oversee the entire digital-asset market, and we are also ready to be held accountable."
He also reiterated, particularly regarding prediction markets, that "the only regulator with oversight of this area is the CFTC."
The remarks are seen as a clear signal of the CFTC’s willingness to expand its role amid ongoing debate in the US over which agency should hold regulatory authority over digital assets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
