The Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, currently the only sitting commissioner of the agency, effectively holds significant regulatory decision-making power over digital assets, prediction markets, and derivatives markets. Politico reports that within less than half a year of taking office, Selig has pushed for a more open regulatory environment for cryptocurrencies and prediction markets, including supporting the approval of innovative products, adjusting enforcement directions, and promoting related rulemaking. As Congress considers legislation to grant the CFTC greater oversight authority over crypto markets, its influence continues to grow. However, the current situation where Selig alone leads regulatory decisions has also raised concerns among some members of Congress and internal CFTC officials. Critics argue that the agency's limited staffing and resources, along with the lack of a multi-commissioner check-and-balance system, could impact regulatory independence and enforcement capabilities. (Politico)