Summary
- Mike Selig, a CFTC commissioner, said the Trump administration is focused on creating conditions for new financial industries and technologies to grow in the US.
- Selig said the Trump administration is working to build the so-called new frontier of finance in the US and stressed the need for the country to secure leadership in financial innovation and emerging technologies.
- He said the administration is reshaping the regulatory environment so related companies can develop technology and expand their businesses in the US to promote innovation in financial markets, but did not present any specific regulatory measures.
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Mike Selig, a commissioner at the US Commodity Futures Trading Commission, said the Trump administration is focused on creating conditions that allow new financial industries and technologies to grow in the US.
Cointelegraph reported on September 3 that Selig said the administration is working to build what he called a "new frontier of finance" in the US.
"The new frontier of finance is being built right here in the United States," Selig said, underscoring the need for the US to secure leadership in financial innovation and emerging technologies.
He has previously said the Trump administration is reshaping the regulatory environment to spur innovation in financial markets and help related companies develop technology and expand their businesses in the US.
He did not provide any additional policies or specific regulatory measures in his latest remarks.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.