Selick steered the CFTC toward a more open direction in just half a year, predicting that market and crypto derivatives regulation is about to change, but the single-person power model—where one person holds all the authority—has also made many people in Congress uneasy.

CFTC Chair Michael Selig is the only current commissioner, effectively controlling the key points of regulation for digital assets, prediction markets, and derivatives. Politico pointed out that in less than half a year since taking office, he has promoted a more open regulatory environment, including supporting the approval of innovative products, adjusting enforcement priorities, and advancing rulemaking. Legislation discussed in Congress to grant greater regulatory authority over the crypto market has further increased its influence. However, the current situation of single-dominant regulatory decision-making has also raised concerns among some lawmakers and insiders, who believe that limited personnel and resources, along with the lack of a multi-commissioner system for checks and balances, could impact regulatory independence and enforcement effectiveness.