US Prioritizes Financial Innovation Over Global Consensus

CFTC Chairman Michael S. Selig has outlined his vision for modernizing US derivatives markets through digital assets, stablecoins, and other innovations.

Selig emphasized that the US should prioritize financial innovation over international regulatory consensus, arguing that America should lead the next generation of financial markets rather than adopt rules designed for legacy systems.

The CFTC is exploring the use of regulated stablecoins as collateral in derivatives markets, which could modernize market infrastructure while maintaining safety and integrity. Selig also highlighted the launch of 24-hour gold futures trading on a US exchange and discussed non-crypto perpetual futures with industry participants.