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Crypto Regulation

CFTC Chair Says Crypto Industry Is Moving Back to the US

CFTC Chairman Mike Selig said the United States will no longer stand by as crypto businesses move offshore and other countries set the standards. In a post on X, Selig said the crypto industry is returning to the US, and that clear regulatory rules will help keep it there and let the US lead its development.

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AI take

The shift in tone matters more than any single rule: a US regulator framing onshore crypto as a competitive objective signals that the posture has moved from enforcement-led ambiguity toward active courtship. That reframes the trade-off for firms weighing jurisdictions, though the substance of "clear rules" is still unstated, and the CFTC is only one of several agencies whose mandates overlap here. The open question is whether this rhetorical welcome translates into durable, coordinated rulemaking that survives changes in leadership — and whether other regulators follow the same direction.

Generated by AI for reference only.

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