CFTC’s Lone Chair Selig Expands Grip Over Crypto and Prediction Markets

TLDR: Michael Selig solely runs the CFTC, gaining unmatched power over crypto markets. CFTC approved crypto perpetual futures, triggering CME Group’s stock decline and criticism. Lawmakers from both parties push Trump to nominate additional CFTC commissioners. Staff buyouts and unrest grow as CFTC’s crypto oversight role expands rapidly. CFTC Chair Michael Selig is consolidating regulatory [...]

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