Michael Selig Defends DeFi Regulation Plans in CFTC Chair Nomination

TLDR Michael Selig addressed the Senate Agriculture Committee during his nomination hearing for CFTC chair. Selig emphasized the importance of understanding decentralized finance and its regulatory needs. He warned that a regulation-by-enforcement approach could drive companies offshore. Senator John Boozman supported the CFTC’s role in regulating digital commodities. Selig assured the committee that he would [...]

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