CFTC Chair Mike Selig announced Tuesday the launch of the “Future-Proof” initiative to modernize the agency’s regulatory approach to emerging markets, including digital assets and prediction markets.
The program aims to replace outdated, enforcement-driven rules with tailored, purpose-fit regulations, providing clear, codified guidance for participants in digital assets, perpetual futures, and prediction markets.
According to the CFTC chief, the growth of the digital asset economy to $3 trillion and the rising popularity of prediction markets are evidence that these sectors require updated regulatory frameworks.
The CFTC plans to implement new guidelines through notice-and-comment rulemaking, with more policy updates to follow shortly.
Selig also announced today two senior staff appointments, including Michael Passalacqua, who has extensive experience in crypto and financial regulation, and Cal Mitchell, with a strong background in government affairs and policy advisory roles.
Source: https://cryptobriefing.com/future-proof-initiative-regulations/
