CFTC Chair Selig backs onchain finance rules at Link:NYC

CFTC Chairman Michael Selig has pledged to help reshape regulations for onchain finance during Chainlink’s Link:NYC event, as the agency develops a federal registration pathway for crypto trading platforms. Selig pledged regulatory work supporting onchain finance at Link:NYC. The CFTC’s crypto exchange registration framework remains under consultation. Existing plans distinguish ordinary spot trading from leveraged retail transactions. SEC cooperation and prediction-market oversight form separate parts of the agency’s agenda. Chainlink’s official event updates attributed the remarks to Selig at the Oct. 29 gathering, where he praised companies working on blockchain-based financial markets.

Source: crypto.news