CFTC chair calls for uniform US crypto regulations amid state disparities

CFTC Chairman Mike Selig has called for uniform crypto regulations across U.S. states, emphasizing the need for consistent protections for crypto transactions nationwide. In his statement, Selig highlighted the disparities in regulatory standards, such as New York’s BitLicense, and advocated for a cohesive federal framework to govern crypto activities. The move aligns with ongoing discussions around federal regulations, including the proposed Regulation CTX and Regulation CAM, aimed at creating a unified approach for exchanges engaging in certain crypto-market activities. This development suggests a potential shift in the regulatory landscape, potentially impacting broader market sentiment.