U.S. CFTC Chair: Bitcoin's price is determined by supply and demand CFTC becomes the first agency to approve a federal regulatory framework for crypto assets

Golden Finance reports that on April 28, U.S. Commodity Futures Trading Commission (CFTC) commissioner Mike Selleck said in an interview at the Bitcoin 2026 conference: “I read the Bitcoin white paper around 2011, and because of that, I went deep into it. In 2013 and 2014, I had the opportunity to come to work at the Commodity Futures Trading Commission, and we saw that Bitcoin indeed doesn’t look like a security. It is a decentralized asset—something entirely new—and it looks very much like other commodities in our market—gold, silver, and oil. Unlike anything where an individual controls the price, its price is determined by supply and demand. So, years later, the Commodity Futures Trading Commission became the first agency to approve a federal regulatory framework for crypto assets, allowing Bitcoin futures contracts to be traded on exchanges we regulate. I truly believe the Commodity Futures Trading Commission itself is a pioneer in the field of cryptocurrencies. We are very fortunate that there is legislation pending passage in Congress, and we hope it will be passed. This will expand our authority and ensure that, through clear rules and a regulatory framework, this asset class can withstand future changes in the United States.”