CFTC Chair Backs Crypto Perpetuals While Rejecting 24/7 Trading for Agriculture

1 month ago 10

Rommie Analytics

Key Takeaways:

  • CFTC Chairman Michael Selig stated that crypto perps are appropriate for digital assets, but not agricultural products.
  • The agency will encourage innovation in crypto, while maintaining the traditional market structures in commodities.
  • Selig also backed prediction markets and indicated his willingness to keep supporting secure crypto derivatives.