CFTC Chair Says New Crypto Rulemaking Will Prevent Another FTX-Style Collapse

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Bitcoin Magazine CFTC Chair Says New Crypto Rulemaking Will Prevent Another FTX-Style Collapse CFTC Chair Mike Selig has said that the regulator wants to bring stringent regulations to the crypto world. The CFTC and other regulators are pushing ahead with rulemaking for the crypto space, despite lawmakers last month blocking the long-awaited Clarity Act .

Bitcoin Magazine CFTC Chair Says New Crypto Rulemaking Will Prevent Another FTX-Style Collapse Pro-crypto regulator Mike Selig has said that pushing ahead with new rules will stop another collapse like FTX. Speaking on Fox Business Network’s Varney & Co.

show Wednesday, the Commodity Futures Trading Commission Chair said that crypto exchanges will have the chance to register with the regulator in order to safeguard digital asset spot markets. Its founder, Sam Bankman-Fried, is now serving 25 years in prison for fraud and other crimes after $8 billion in customer funds was stolen.