CFTC's Mike Selig Pledges to End Regulation by Enforcement as Solo Chair Steers Crypto Policy This Week

According to Bitcoin.com News, CFTC Chairman Mike Selig this week pledged to end "regulation by enforcement" and establish rule-based crypto oversight as the agency's sole sitting commissioner. Selig, confirmed in December 2025, vowed the CFTC would focus on fraud, manipulation and insider trading rather than setting policy through litigation, marking a shift in U.S. crypto policy.

Under Selig's leadership, the CFTC has already approved the first U.S.-regulated perpetual futures contract. On June 10, he published a proposed rule for prediction markets applying a 90-day review framework. Prediction markets hit $36.6 billion in trading volume in Q1 2026, surpassing gambling for the first time.