US Nears Landmark Crypto Regulation as Selig Takes CFTC Helm
The US stands at a regulatory inflection point with the swearing-in of crypto-savvy commissioner Christy Goldsmith Romero (Selig) to the CFTC. Her December 22 appointment coincides with Congressional momentum behind the Responsible Financial Innovation Act – legislation poised to establish America’s dominance in digital asset markets.
Market participants hail the timing. ‘This is the dream team to define clear guidelines,’ tweeted David Sacks, referencing Selig’s private-sector expertise and SEC Chair Paul Atkins’ regulatory acumen. The bill, building on July’s CLARITY Act, WOULD formalize jurisdictional boundaries between the SEC and CFTC while addressing DeFi’s unique challenges.
Retail trading volumes hit record highs as lawmakers reconvene. ‘We’re writing the playbook for the next generation of markets,’ Selig declared, noting the legislation’s potential to cement US leadership amid competing global frameworks.
