US Seeks to Lead On-Chain Finance with Clear Crypto Rules

The United States is poised to become a hub for on-chain financial systems, according to Mike Selig, Chairman of the Commodity Futures Trading Commission (CFTC). Speaking at The Digital Chamber, Selig highlighted the importance of clear regulations in supporting the growth of digital finance.

Selig noted that as more financial systems move onto blockchain networks, there is an urgent need for setting clear rules to ensure a balanced system that supports innovation while protecting markets and participants. He emphasized that regulators should not try to resist the shift towards on-chain finance, but rather focus on building a framework that encourages growth.

The CFTC Chair also stressed the need for regulatory clarity in identifying which platforms or protocols fall under regulatory oversight and which ones can operate in a more open and decentralized way. By doing so, the US can create an environment where innovation continues while maintaining trust in the financial system.