US Regulators Face Pressure to Clarify On-Chain Finance Rules

The United States is seeking to become a hub for on-chain finance, with the CFTC Chair urging regulators to establish clear rules for the sector. As more financial systems move onto blockchain networks, there is an increasing need for regulatory guidance.

CFTC Chairman Mike Selig highlighted the importance of providing a clear framework for on-chain systems, emphasizing that not all platforms should be treated equally. He suggested that regulators should define boundaries to distinguish between those that require oversight and those that can operate in a more open and decentralized manner.