Mike

Paul Atkins

Chair

Genius

<ul>
 <li>CFTC Chair says CFTC and SEC are advancing joint rulemaking to create durable crypto regulations.</li>
 <li>Mike Selig emphasized legislation like the CLARITY Act and Genius Act to lock in long-term policy stability.</li>
 <li>Updated rules now integrate stablecoins into collateral and margin frameworks, replacing informal guidance with enforceable standards.</li>
</ul>
<p>CFTC Chair Mike Selig <a href="https://x.com/ChairmanSelig/status/2050953536133886117?s=20" rel="noopener noreferrer nofollow">said</a> that joint rulemaking with SEC Chair Paul Atkins aims to secure lasting crypto regulation in the United States. He explained that coordinated rules reduce the risk of reversal across administrations. According to Selig, legislation and formal rulemaking offer stronger durability than informal agency interpretations.</p>
<h2 class="wp-block-heading" id="strong-joint-rulemaking-targets-long-term-stability-strong"><strong>Joint Rulemaking Targets Long-Term Stability</strong></h2>
<p>Selig said joint rulemaking between the CFTC and SEC will anchor regulatory consistency. He noted that reversing such rules would require agreement from both agencies. He referenced the Dodd-Frank framework as a model for multi-agency coordination.</p>
<p>However, he stressed that legislation remains the most durable path. According to Selig, lawmakers must codify regulatory standards into statute. He pointed to ongoing support for the <a href="https://cryptofrontnews.com/clarity-act-senators-thom-tillis-and-angela-alsobrooks-finalize-stablecoin-yield-compromise/" rel="noopener noreferrer nofollow">CLARITY Act</a> as part of that effort.</p>
<p>Meanwhile, he confirmed that the Genius Act has already been signed into law. He said the law establishes a stablecoin framework within U.S. markets. He added that this structure enables broader participation across financial systems.</p>
<h2 class="wp-block-heading" id="strong-stablecoin-rules-and-market-adjustments-strong"><strong>Stablecoin Rules and Market Adjustments</strong></h2>
<p>Selig said the <a href="https://cryptofrontnews.com/cftc-grants-relief-on-swap-rules-names-whistleblower-head/" rel="noopener noreferrer nofollow">CFTC</a> has started updating its rules to reflect stablecoin usage. Notably, the agency now allows stablecoins in collateral, margin, and capital frameworks. He explained that these changes align regulatory policy with market practices.</p>
<p>However, he criticized reliance on no-action letters in past regulatory approaches. He said these informal tools created uncertainty and slowed market development. Therefore, he emphasized the need to convert such guidance into formal rules.</p>
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<p>He added that formal rulemaking carries more weight and resists sudden policy reversals. According to Selig, clear regulations improve enforcement and compliance consistency.</p>
<h2 class="wp-block-heading" id="strong-selig-rejects-insider-trading-concerns-strong"><strong>Selig Rejects Insider Trading Concerns</strong></h2>
<p>Selig also addressed criticism surrounding <a href="https://cryptofrontnews.com/mike-selig-defends-cftc-rules-as-insider-trading-debate-grows/" rel="noopener noreferrer nofollow">prediction markets</a>. He rejected claims that insider trading is widespread within these platforms. According to him, enforcement rules remain clear and actively applied.</p>
<p>He highlighted actions taken during his first 100 days in office. The agency upgraded monitoring systems and pursued enforcement cases against violators. He stated that individuals using inside information face prosecution under federal law.</p>
<p>Notably, his remarks responded to a Wall Street Journal opinion piece. The article had described prediction markets as loosely regulated betting platforms. Selig said that characterization does not reflect actual regulatory oversight.</p>
<p>The post <a href="https://cryptofrontnews.com/cftc-and-sec-push-joint-rules-to-lock-crypto-oversight-says-mike-selig/" rel="noopener noreferrer nofollow">CFTC and SEC Push Joint Rules to Lock Crypto Oversight, Says Mike Selig</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

CFTC and SEC Push Joint Rules to Lock Crypto Oversight, Says Mike Selig

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