US Government Cannot Seize Crypto Assets, CFTC Chair Asserts Regulatory Clarity

Regulatory clarity and protection of private property rights are at the forefront of the current administration's push to position the United States as the global leader in digital finance. The Commodity Futures Trading Commission (CFTC) Chair Michael Selig emphasized that the government should not seize crypto assets belonging to citizens, citing statutory protections for digital assets as a top priority.

The CFTC has regulated Bitcoin futures since 2017 and plays a central role in classifying digital assets. According to Selig, the agency views Bitcoin, Ether, Solana, and Zcash as digital commodities, which are subject to regulatory oversight. This classification system is designed to bring clarity across the crypto space.