CFTC Chair Says Anti-Crypto Forces Have Stifled Innovation
JH Kim
Summary
- Mike Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), said forces opposed to digital assets, or cryptocurrencies, have suppressed financial innovation.
- Selig said anti-crypto forces, pessimists and groups seeking to hinder technological progress have held back innovation for years.
- Selig said the CFTC is now turning the page and, with innovators, forging a path toward a new frontier in finance.
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Mike Selig, chairman of the U.S. Commodity Futures Trading Commission, said forces opposed to digital assets have suppressed financial innovation.
Watcher.Guru reported on Aug. 18 that Selig said anti-crypto forces, pessimists and those seeking to hinder technological progress had held back innovation for years.
The CFTC is now turning the page and working with innovators to forge a path toward a new frontier in finance, he added.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.