CFTC Chair Says Agency Is Pursuing Voluntary Federal Registration for Crypto Exchanges

CFTC Chair Mike Selig says the agency is pursuing a voluntary federal registration route for cryptocurrency exchanges, aiming to bring them closer to U.S. market regulatory standards while Congress has yet to legislate on the issue. Selig also said crypto markets should be governed by the same protections that apply to U.S. derivatives markets. That principle gives the registration effort a stated benchmark: exchange activity in crypto markets should face safeguards comparable to those governing derivatives trading. The route is voluntary, meaning it is being advanced as a registration option for exchanges.