U.S. CFTC Chairman: Will Promote Voluntary Federal Registration Mechanism for Cryptocurrency Trading Platforms

Mike Selig, Chairman of the CFTC, stated that the crypto market should enjoy the same protections as the mature protective mechanisms adopted by the U.S. derivatives market for decades.

While Congress has yet to take action, the Commodity Futures Trading Commission (CFTC) is advancing a voluntary federal registration mechanism for crypto trading platforms, bringing its regulatory standards closer to the high regulatory standards of the U.S. financial market.