Prospective CFTC chair addresses DeFi regulation at nomination hearing
PositiveCryptocurrency
- Michael Selig, during his nomination hearing for the CFTC chair position, advocated for regulatory oversight in the digital asset markets, highlighting the importance of a regulatory presence in DeFi.
- This stance is significant as it reflects a growing recognition of the need for structured regulation in the cryptocurrency space, which has been marked by volatility and risks.
- The discussion around DeFi regulation is part of a broader dialogue on how to balance innovation with consumer protection, as stakeholders seek clarity on regulatory frameworks.
— via World Pulse Now AI Editorial System
