CFTC Chairman Advocates for Market Structure Bill to Boost U.S. Crypto Industry

Mike Selig, chairman of the Commodity Futures Trading Commission (CFTC), emphasized the importance of passing a market structure bill to support the growth of the cryptocurrency industry. According to NS3.AI, Selig believes that establishing clear national regulatory standards will encourage blockchain companies to return to the United States, positioning the country as a leading hub for cryptocurrency activities. He acknowledged the significant impact blockchain technology has had on market development within the agency's jurisdiction over the last 15 years.