CFTC Chairman Mike Selig on crypto, prediction markets and AI-powered market surveillance
summary
Announces a joint SEC‑CFTC taxonomy that maps crypto into five regulatory buckets (digital commodities, collectibles, tools, stablecoins, securities) and says the agencies are codifying it via rulemaking to make it hard to undo. Grants a Phantom no‑action letter exempting certain self‑custodial wallet developers from broker registration to enable on‑shore DeFi rails. Asserts federal control over prediction markets and is suing five or six states now. Plans to use AI for contract review and market surveillance alongside exchanges and quants.
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chapters (9)
- 0:00CFTC Chairman Mike Selig at Consensus Miami 2026
- 1:00The New Crypto Taxonomy
- 3:13Joint CFTC/SEC Rulemaking and Its Durability
- 4:34Protecting Software Developers
- 6:53Why Prediction Markets Belong With the CFTC
- 9:13Sports Wagers vs Event Contracts Explained
- 11:33State Lawsuits and the Path to the Supreme Court
- 13:36Using AI for Market Surveillance
- 15:09Operating as the Sole Commissioner
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