CFTC Chair Reveals The Government’s New Plan For Crypto & AI | Mike Selig

Key Takeaways

• Agencies should coordinate—CFTC and SEC align via MOUs, share staff and surveillance, retain separate remits while harmonizing crypto and prediction-market oversight.
• Regulate according to statute using minimum effective rules—avoid overregulation that pushes products offshore; favor broad legislation and let regulators set adaptable guardrails.
• Create an innovation task force and external advisory group—invite builders, industry CEOs, academics, and technologists to co-design rules and collect public input to future-proof policy.
• Bring crypto perpetual futures onshore with guardrails—CFTC will first allow crypto perps; prioritize correct classification and risk controls to prevent offshore migration.
• Focus regulation on actors and market structures, not tool creators—hold users and intermediaries accountable; exchanges must review listings and prevent manipulable contracts.
• Prepare for AI and decentralized agents trading—clarify liability for autonomous agents and owners, require provenance (e.g., blockchain timestamps) to limit market deception.
• Enable regulator learning while managing ethics—provide demo accounts and consider limited de minimis crypto/NFT holdings for officials; large holdings remain conflicts.

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