Prospective CFTC chair addresses DeFi regulation at nomination hearing
PositiveCryptocurrency
- Michael Selig addressed the Senate during his nomination hearing for the CFTC chair position, advocating for regulatory oversight in digital asset markets. He highlighted the necessity of a regulatory framework to manage DeFi effectively.
- This development is significant as it positions Selig as a key figure in shaping the future of cryptocurrency regulation, which is crucial for fostering innovation and ensuring market integrity.
- The emphasis on regulatory clarity reflects ongoing discussions in the cryptocurrency sector about balancing innovation with the need for oversight, a theme echoed in Selig's previous statements regarding the critical mission of the CFTC.
— via World Pulse Now AI Editorial System
