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U.S. CFTC Chair Warns Major Banks: Blockchain-Based Markets Are Unstoppable

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ME News Report, June 11 (UTC+8), the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, warned major banks that markets based on blockchain can no longer be stopped. He elaborated in the program on topics including new market regulations, perpetual futures trading, and the CLARITY Act. Michael Selig stated that the CFTC will differentiate prediction markets, allowing compliant trading such as sports event outcomes, while explicitly banning casino-style games and transactions involving events like war and assassination. He emphasized that regulators aim to establish a clear rule framework to promote innovation in the cryptocurrency market, curb offshore trading outflows, and further solidify the United States' leading position in digital asset regulation. (Source: Foresight News)
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