CFTC Chair Calls on Crypto Exchanges to Register Voluntarily

Key Insights: CFTC urges crypto exchanges to voluntarily register with the agency CFTC chair Mike Selig argues such a move would bring the industry closer to the gold standard of American market oversight. US regulators have stepped up efforts to regulate the emerging industry lately. CFTC News took a regulatory turn on Oct. 26 after Chairman Michael Selig outlined plans for voluntary federal crypto exchange registration. The Commodity Futures Trading Commission (CFTC) pursued the framework as Congress struggled to advance broader market legislation. Selig said the agency was developing a registration pathway using existing statutory powers.