INTEL: CFTC pursues voluntary federal registration regime for crypto exchanges, Selig says
US Commodity Futures Trading Commission (CFTC) Chair Mike Selig said the agency is pursuing a voluntary federal registration regime for crypto exchanges. He made the statement in a post on X, saying Congress has not yet moved on related legislation.
According to Selig, crypto markets need the investor protections that have long applied to US derivatives markets. He described those safeguards as proven.
With lawmakers yet to act, Selig said the CFTC is moving ahead on its own with the voluntary scheme. The aim, in his words, is to help crypto exchanges meet the high US standards of market oversight.
What the statement covers
The post describes the regime as voluntary, so it would apply to exchanges that choose to register. It frames the plan as a response to the absence of congressional legislation, not as a replacement for it.
The statement does not set out a timeline, eligibility criteria, specific registration requirements or the legal mechanism the CFTC would use. It does not name any exchange that plans to take part. The story is still developing, and those details have not been published in the statement.
