CFTC Chairman Introduces 'Future Proof' Program for Digital Asset Regulation

Michael Selig, the newly appointed Chairman of the Commodity Futures Trading Commission (CFTC), has announced the launch of the 'Future Proof' program aimed at modernizing regulations for digital assets. According to NS3.AI, this initiative seeks to reassess outdated rules originally intended for agricultural futures and introduce the minimum necessary regulations to encourage innovation in the digital asset sector. The CFTC is also preparing to expand its role should Congress enact new legislation concerning the digital asset market structure, with the goal of maintaining the competitiveness of U.S. markets.