chairman

CFTC Chairman Selig stated on social media that Congress has granted the CFTC exclusive regulatory authority over prediction markets. The CFTC will not only defend its jurisdiction against attempts by states to abolish federal laws and apply state anti-gambling laws to designated contract markets (DCM), but will also exercise that power by establishing clear rules for these markets.Selig indicated that the CFTC will actively maintain a unified regulatory framework at the federal level, ensuring that prediction markets operate under a clear compliance pathway, avoiding the impact of state-level anti-gambling rules on federally regulated DCM.

According to Decrypt, Michael Selig, the chairman of the Commodity Futures Trading Commission (CFTC), stated that if the Clarity Act continues to be stalled due to Democratic obstruction, the CFTC will use its existing authority to begin establishing a regulatory framework for the cryptocurrency market and has instructed staff to expedite the formal rule proposal.Selig has asked staff to explore incorporating the digital asset market structure into CFTC rules, which may include both existing CFTC-registered entities and currently unregistered cryptocurrency exchanges under its regulatory scope.Rules tailored for digital assets may allow for leveraged and margin trading. Bitcoin ETFs saw a net inflow of $606 million, marking a new single-day high since May 1; Ethereum ETFs had a net inflow of $219 million, reaching a new high since September 2025. In the past 24 hours, the amount of short liquidations in the cryptocurrency market exceeded $1.2 billion, approaching $5 billion over the past two days.

According to The Block, at a meeting of the Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee, CME CEO Terrence Duffy had a heated exchange with CFTC Chairman Michael Selig and Kalshi COO Luana Lopes Lara regarding regulatory issues in the prediction market. Duffy pointed out that some prediction market contracts are susceptible to manipulation, specifically mentioning contracts related to Trump's State of the Union address and the ousting of Venezuelan President Maduro that may be subject to manipulation. Selig interrupted, stating that these products are not listed in the United States, "this is fake news."Duffy retorted, "We can argue, I'm happy to." The two also clashed over a question from Kalshi COO about whether CME faces market manipulation issues, with Duffy stating, "I have more staff in my regulatory department than you and your entire company," to which Lopes Lara responded, "Maybe you should learn about efficiency," and Duffy shot back, "Maybe you should learn what a credible market is." This conflict comes at a time when federal and state regulators are vying for control over the regulation of prediction markets, with the CFTC having filed lawsuits against several states and proposed a regulatory framework draft.

According to Bloomberg, Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), stated on Thursday that even if Congress fails to pass landmark related legislation, the cryptocurrency industry will ultimately welcome market structure regulatory rules.In an interview with Bloomberg Television before the CFTC's first Innovation Committee meeting, Selig said, "Establishing market structure is very important. We can achieve this through regulatory rules or through legislation."The CFTC is weighing a range of potential cryptocurrency rules but is currently awaiting progress on the Clarity Act, which would grant the CFTC primary authority to regulate the digital asset industry. The bill is currently stalled in the Senate, which plans to hold a procedural vote on the legislation in mid-September, but significant controversies remain, which may make it difficult for the bill to secure enough votes before lawmakers turn their attention to the November midterm elections.Selig added that legislation is the most reliable way to lock in the cryptocurrency market structure, but the agency also has considerable authority under existing regulations, and if necessary, the agency will exercise that authority to create rules without legislative support.

U.S. SEC Chairman Paul Atkins stated at today's cryptocurrency meeting with President Trump at the White House that the most important priority right now is for Congress to send the CLARITY Act to the President's desk for his signature, and the SEC is fully supporting this effort.

HyperliquidNews posted on platform X stating that Trump said: "The CFTC chairman is pushing to bring Hyperliquid to the United States."

CFTC Chairman Mike Selig stated, "For years, the anti-crypto army, doomsayers, and slowists have stifled innovation." "The CFTC is turning a new page, charting a course for innovators to explore the new frontier of finance."

According to PR Newswire, digital asset infrastructure company Fireblocks announced the appointment of former Acting Chairman and Commissioner of the U.S. Securities and Exchange Commission Elad Roisman as Chief Regulatory and Policy Officer and General Counsel for Regulatory Affairs, effective immediately.Roisman will be responsible for Fireblocks' regulatory strategy, policy communications, and related legal matters, and will serve as the company's primary liaison with regulators and standard-setting organizations.

Chairman Paul S. Atkins of the U.S. Securities and Exchange Commission (SEC) wrote to Robert Walley, Chairman of the Consolidated Audit Trail (CAT) Operating Committee, indicating that the SEC plans to undertake a comprehensive reform of the CAT system, including adjustments to its governance structure, funding sources, and operational model.Atkins stated that during his tenure, the SEC has significantly reduced the annual operating costs of CAT by issuing exemptions and approving amendments to the CAT NMS plan, and has eliminated the requirement to report personally identifiable information (PII) to the CAT system.These reforms have lowered system costs and the scope of data collection, but CAT still faces fundamental issues regarding costs, governance, and funding mechanisms. To address these issues, the SEC released a concept request for comments on April 16, 2026, to conduct a comprehensive review of CAT and other audit trail systems and data sources used in the regulation of U.S. securities markets.The SEC indicated that it has received hundreds of feedback comments, with one core consensus being that investors and market participants want the SEC to take more responsibility for the management and funding arrangements of CAT.Atkins stated that he has asked SEC staff to propose deep reforms for CAT, including: 1. Exploring new funding sources for CAT, including the use of congressional appropriations and transaction fees under Section 31 of the Securities Exchange Act; 2. Drafting rule proposals that, if approved, would repeal Rule 613 and require exchanges, FINRA, and broker-dealers to continue using the existing CAT infrastructure and reporting standards to submit CAT data directly to the SEC or its designated agency; 3. Assessing the internal resource needs of the SEC to prepare for the SEC's future assumption of governance responsibilities for CAT.The SEC expects that this reform will involve multiple stages and will need to be advanced simultaneously, with the overall transition potentially lasting until the end of 2027.

Luke Dashjr posted on the X platform that he will temporarily step down as the chairman and chief technology officer of OCEAN and shift his focus to Bitcoin and supporting open-source projects related to Bitcoin.Luke Dashjr is a core supporter of BIP-110, but on August 9, the default endpoint of OCEAN's stratum has reverted to a non-BIP-110 chain, and miners' hashes are no longer defaulted to be directed to the BIP-110 chain.

Federal Reserve Chairman Waller has sold all financial assets he committed to divest. Waller signed an ethics compliance certification with the government ethics office last Thursday, which was made public on the agency's website on Saturday. Waller had previously submitted a divestiture certification to the ethics office, showing that he had sold most of the assets he committed to divest. The latest disclosure document indicates that he has sold the remaining holdings involved in the agreement.Waller is one of the wealthiest officials in Federal Reserve history. He had committed to divesting holdings in several investments, the underlying assets of which were not disclosed due to confidentiality agreements—some of which are valued at least $100 million.

According to BeInCrypto, Tim Scott, the chairman of the U.S. Senate Banking Committee, stated that the CLARITY Act, aimed at regulating the cryptocurrency market, will be voted on before Congress goes into recess, and "there will undoubtedly be a vote."In an interview with Fox News, Scott mentioned that the Senate might extend its working hours, not limited to the next two days, to push forward the relevant legislation. He noted that there is a consensus forming within the Republican Party regarding the bill and believes that advancing a cryptocurrency regulatory framework "is in the interest of the United States."Tim Scott stated, "We will get this done."The CLARITY Act aims to further clarify the regulatory framework for digital assets in the United States, delineating the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the cryptocurrency market. Supporters believe that the bill will provide clearer rules for the industry and help the U.S. maintain its competitiveness in the digital asset space.Currently, the bill still faces internal congressional disputes regarding consumer protection, regulatory authority, and market risks. If ultimately passed, it will be an important step in building the U.S. cryptocurrency regulatory system.

Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), wrote in The Economist that the global derivatives market is entering a new stage of development, where financial innovation needs to lead, rather than introduce regulatory models that may restrict market development.Michael Selig pointed out that for decades, derivatives (including financial contracts such as futures, options, and swaps) have been important tools for businesses, farmers, investors, and financial institutions to manage risk and optimize capital allocation. Today, the nominal value of the global derivatives market has exceeded $1.2 quadrillion, with nearly half of the market regulated by the CFTC.He stated that the United States' leadership in the derivatives field is built on generations of market competition, strong institutions, effective regulation, and an open attitude towards innovation. For a long time, global regulators have regarded the CFTC as a benchmark for efficient market regulation.Selig said, "The new era of finance needs innovation, not consensus." The United States will not introduce regulatory measures that hinder market development but will seek a balance between innovation and market efficiency. During his tenure, the U.S. will continue to play a leading role in the formulation of derivatives market rules and financial innovation, driving the market to remain competitive.

According to Jinshi reports, Federal Reserve Chairman Waller stated that he is considering reducing the frequency of Federal Reserve policy meetings.

According to Decrypt, SEC Chairman Paul Atkins stated that if Congress fails to pass the Clear Act, the SEC is "ready at any time" to establish its own cryptocurrency market rules. Atkins emphasized that legislation is the only way to prevent the regulatory framework from changing with each new administration and expressed optimism about the bill's eventual passage.Currently, the Clear Act passed the House of Representatives last July with a vote of 294-134 and was approved by the Senate Banking Committee this May with a vote of 15-9, but it has not yet been voted on by the full Senate (which requires 60 votes to pass). Senate Majority Leader Chuck Schumer recently hinted that the bill may not be completed before the August recess. If passed, the bill would transfer the regulatory authority over the spot market for most tokens to the CFTC, removing it from SEC jurisdiction. The SEC has already made preparations, and the "Project Crypto" regulatory framework promoted by Atkins has been included in the 2026 agenda, covering aspects such as token registration exemptions, safe harbors, and broker custody, and is seen as a transitional plan for the Clear Act.

According to Jinshi reports, U.S. President Trump stated that Federal Reserve Chairman Waller is outstanding.

According to Jinshi, the Director of the National Economic Council of the White House, Hassett, stated that our confidence in Federal Reserve Chairman Waller has never been stronger.

According to The Block, the National Football League (NFL) sent a letter to CFTC Chairman Michael Selig on July 27, responding to the recent draft regulatory framework for prediction markets released by the CFTC, requesting enhancements in several key areas. The NFL emphasized in the letter that protecting the integrity of the game is its top priority and called on the CFTC to tighten the definition of high-risk contracts that are susceptible to manipulation, rely on referee discretion, or have outcomes that can be known in advance.In addition, the NFL expressed objections to the 10-day pre-approval window being too short, requested clarification on the insider trading ban, established a mandatory "league-exclusive prohibited bettors" list, and reiterated previous consumer protection recommendations such as banning margin trading, limiting advertising, and setting a 21-year age threshold.

SK Hynix's leader, Choi Tae-won, stated that South Korea must become an "AI-native country," adding, "The goal is for everyone to have at least one AI agent." He said, "If this goal is achieved, South Korea will become a global AI testing ground, allowing various AI technologies to be experimented with and applied here."Choi Tae-won mentioned that SK Group will provide more opportunities for AI development through continuous R&D investment. He also emphasized that reducing AI costs is crucial. He stated, "Currently, AI costs are too high." "We must find various ways to lower costs so that more people around the world can enjoy the benefits brought by AI."Choi Tae-won indicated that South Korea can lower AI costs by expanding the production scale of memory chips and building more AI data centers, creating a global AI data center hub that connects the United States, Europe, and Asia.