@CFTC Chairman. Personal views only. Official account: @ChairmanSelig.
Joined October 2017
- Tweets 889
- Following 358
- Followers 17,399
- Likes 11,642
16 Photos and videos
Mike Selig retweeted
Jun 12
The @CFTC is hiring.
We’re recruiting the best and brightest to join our team and leveraging technologies like artificial intelligence to keep pace with the new frontier of finance and make efficient use of taxpayer dollars.
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Mike Selig retweeted
Jun 12
New Mexico is the latest state seeking to nullify black letter law and decades of precedent by imposing state gaming laws on federally regulated derivatives exchanges subject to the @CFTC’s exclusive jurisdiction. We’ll continue to defend our jurisdiction over commodity derivatives.
Read more:
.@CFTC Sues New Mexico as the State Becomes the Latest Attempting to Infringe on Federal Jurisdiction: cftc.gov/PressRoom/PressRele…
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Mike Selig retweeted
Jun 12
Incumbents are always going to fear the future. The @CFTC stands ready to address changing landscapes and ensure America remains the crypto capital of the world.
We will continue to work diligently to onshore innovation and bring novel derivatives under the CFTC’s gold standard regulatory framework so that these markets can thrive here at home.
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Mike Selig retweeted
Jun 12
America is the global leader in financial markets because we embrace innovation and enforce robust regulatory requirements that provide confidence to market participants.
Under @POTUS' leadership, we will continue to provide pathways for crypto, prediction markets, and other innovations to be offered within the US while protecting investors with world class regulation.
More on @MorningsMaria ⬇️
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Mike Selig retweeted
NEW: I sat down with @CFTC's @MichaelSelig to talk everything prediction markets, including this week's proposal; pending legislation; state litigation; and institutional uses. We also discussed recent buyouts; commissioner vacancies; AI use; and more.
Watch our full conversation here: youtu.be/9EfbOzF_Dzs?si=X-_f…
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Mike Selig retweeted
Jun 11
The name CLARITY says it all. For too long, crypto markets have operated under uncertainty and opaque rules. As @CFTC Chairman, I am committed to bringing clarity where it is needed most and building a future-proof regulatory framework that can stand the test of time.
@MorningsMaria
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Mike Selig retweeted
Jun 11
Under my leadership, the @CFTC is onshoring crypto perpetual contracts under gold standard regulations.
The Biden administration drove perps offshore to jurisdictions that had ZERO investor protections, leading to disasters like the FTX implosion.
Instead, we believe that popular financial instruments like perps should be available to Americans under American laws and regulations. Watch more on @MorningsMaria:
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Mike Selig retweeted
Jun 11
.@SenTedCruz and I agree: America must lead in financial innovation. It’s not a question of WHETHER innovations like AI, crypto, or prediction markets transform financial markets, but a question of WHERE these innovations will take root.
I’m committed to ensuring that these innovations are available on American soil and subject to American laws and regulations.
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Mike Selig retweeted
Jun 11
It’s critical the @CFTC Whistleblower Office promptly and transparently process claims. This rule proposal is an important additional step towards harmonization with @SECgov while advancing the interests of whistleblowers.
More below ⬇️
.@CFTC Seeks Public Comment on Notice of Proposed Rulemaking Concerning Whistleblower Rules: cftc.gov/PressRoom/PressRele…
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Mike Selig retweeted
Jun 10
I'm pleased to announce that today, the @CFTC is officially seeking public comment on a structured framework for evaluating the types of events that may underpin contracts traded on prediction markets.
This proposal would give the CFTC durable, transparent rules of the road to identify the contracts Congress directed it to scrutinize while letting legitimate markets move forward pursuant to the public interest.
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Mike Selig retweeted
Jun 9
Good rulemaking starts with listening. The @CFTC is engaging with investors, exchanges, brokers, and market participants to build rules that reflect the realities of modern markets, protect the American people, and support the innovations shaping our markets.
@theempirepod
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Mike Selig retweeted
Jun 8
It is no coincidence that major media outlets, exchanges, and financial institutions are increasingly turning to prediction markets. When people have real skin in the game, the data follows, and that is the wisdom of the crowds at work.
Watch now⬇️
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Mike Selig retweeted
Jun 8
The future of crypto should be built in America. I’m grateful for @RepBryanSteil's leadership in helping to deliver CLARITY to the American people and cement the US as the crypto capital of the world.
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Mike Selig retweeted
Jun 8
As a former attorney who spent years defending crypto clients against government overreach, I can say this: innovators should not need a defense attorney.
Under my leadership at the @CFTC, the days of arbitrary enforcement and regulatory uncertainty are over. We are building clear rules that allow innovators to thrive and markets to grow. Watch:
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Mike Selig retweeted
Jun 7
I’m proud to lead the @CFTC in supporting our nation’s farmers and ranchers who use derivatives markets every day to hedge their risks.
Jun 7
📍 Chippewa Falls, Wisconsin
“Every day my administration is fighting to protect and defend the jobs and livelihood of our GREAT farmers.” – President Donald J. Trump 🇺🇸
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Mike Selig retweeted
Jun 5
Hard at work on Capitol Hill with @GOPMajorityWhip to help get CLARITY across the line and deliver clear rules that unlock innovation, protect software developers, and cement the US as the crypto capital of the world.
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Mike Selig retweeted
Jun 4
The US is home to the world’s premier financial markets because of our comprehensive federal regulatory framework. A patchwork of state-by-state regulation will not stop fraud, prevent manipulation, or keep our markets competitive globally. Watch:
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Mike Selig retweeted
Jun 4
For nearly three decades, the @CFTC has refused to settle cases unless the defendant promised not to publicly deny the Commission’s allegations, creating an incorrect impression that the Commission is trying to shield itself from criticism.
I am pleased that we are rescinding the no-deny policy consistent with our ongoing commitment to transparency and other regulators throughout the government.
.@CFTC Rescinds Policy Regarding Denials of Settlements in Enforcement Actions: cftc.gov/PressRoom/PressRele…
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