CFTC Chair: Soon to Pave Way for U.S. Regulation of Perpetual Futures and Prediction Markets

BlockBeats News, March 3rd, CFTC Chairman Mike Selig stated that efforts are being made to bring true professional futures to the United States in the next month or so and is expected to make an official announcement soon. Selig pointed out that due to the previous regulatory attitude in the United States, a large amount of perpetual futures business has been transferred overseas.

During an event at the Milken Institute in Washington, D.C., with SEC Chairman Paul Atkins, Selig revealed that the two are advancing the Project Crypto plan, including providing regulatory relief for crypto innovation and outlining the regulatory approach to decentralized finance (DeFi) developers. In addition, the CFTC will also establish clear standards and guidelines for the prediction market.