TechFlow News, March 3: According to a CoinDesk report, Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the agency is “working to launch professional futures—genuine professional futures—in the U.S. within approximately the next month” and added, “We expect to announce multiple policies very soon.” Selig noted that the U.S.’s prior regulatory stance had caused a significant portion of perpetual futures business to shift overseas.
Speaking alongside Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), at the Milken Institute event in Washington, Selig revealed that both agencies are advancing “Project Crypto,” which includes providing an “innovation exemption” for crypto-related innovations and clarifying the regulatory treatment of decentralized finance (DeFi) developers. Additionally, the CFTC will establish clear standards and guidance for prediction markets.
