CFTC's Selig Says "Hold My Beer" to $3T Crypto Circus, Congress Can Sit This One Out

Michael Selig, Donald Trump's handpicked CFTC chair, told the world his agency is totally ready to babysit the entire $3 trillion crypto industry. No pressure, Congress—we got this, he basically said, despite the market structure bill still gathering dust in committee.

In a statement about his first 100 days running the show, Selig doubled down on the CFTC's claim to be the one and only regulator for prediction markets.