Mike Selig

Serving President Donald J. Trump as the 16th Chairman of the @CFTC

[Mike Selig @ChairmanSelig]

Today, my team and I had a great visit to the @MIAXexchange trading floor in Miami. Appreciate the opportunity to meet some of the people helping power our markets. Thank you to the MIAX team for the warm welcome!

[Mike Selig @ChairmanSelig]

Derivatives markets must operate on a uniform basis on a national scale in order to achieve the purposes set out in the Commodity Exchange Act. Geographic access restrictions undermine the national uniformity and consistency that the Act is intended to facilitate.

Today's interpretative guidance ensures that exchanges provide competitive, open, fair, and impartial access to their members pursuant to @CFTC regulations.

[CFTC @CFTC]

@CFTC Issues Impartial Access Requirements Interpretation: https://t.co/loRwmdP2Lg

[Mike Selig @ChairmanSelig]

For decades, America’s agricultural community has relied on our markets to hedge risk, manage uncertainty, and plan for the future.

I’m proud that the @CFTC and @USDA have formalized our partnership through an MOU, and I commend @SecRollins for her commitment to a more coordinated regulatory approach that safeguards the integrity of our markets and ensures they continue serving the agricultural community that feeds and clothes our nation.

[CFTC @CFTC]

.@CFTC and USDA Sign MOU to Protect Integrity of American Agricultural Markets: https://t.co/D31MjTlkDf

[Mike Selig @ChairmanSelig]

Today, equity perps can begin trading for the first time on @CFTC registered exchanges.

This move reflects my commitment to ensuring that America’s markets remain the most innovative, liquid, and well-regulated in the world. Instead of being forced to turn to offshore, unregulated venues to access equity perpetual futures, Americans may now access equity perps on CFTC-regulated markets subject to robust safeguards.

I appreciate the continued partnership of @SECGov and @SECPaulSAtkins as we work to further harmonize our agencies' regulatory initiatives.

[CFTC @CFTC]

@ChairmanSelig Releases Statement on Equity Perpetual Futures: https://t.co/aZAEa77sE7

[Mike Selig @ChairmanSelig]

Congress provided the @CFTC with exclusive jurisdiction over derivatives markets to establish uniform national standards and requirements for exchanges, brokers, and traders in these markets.

State challenges to this authority threaten the integrity of our markets and the freedom to transact in lawful financial products. We're prepared to fight these challenges all the way up to the Supreme Court. @SaraEisen @SquawkStreet

[Mike Selig @ChairmanSelig]

The @CFTC proposed new regulations to establish a federal registration option for crypto exchanges that would bring to crypto markets the same time-tested safeguards that have protected American derivates markets from cyber and other risks for decades.

Markets are best protected when regulated in the U.S. @SaraEisen @SquawkStreet

[Mike Selig @ChairmanSelig]

The State of Utah’s pursuit of criminal felony convictions and lengthy prison sentences against American entrepreneurs offering lawful, federally regulated derivatives markets is case and point why the @CFTC continues to aggressively sue states that encroach on its exclusive jurisdiction.

This is exactly the type of state policy interference that Congress intended to prevent by establishing a federal regulatory scheme for derivatives markets. Watch:

[Mike Selig @ChairmanSelig]

Congress provided the @CFTC with exclusive regulatory jurisdiction over derivatives markets so that exchanges could operate and innovate across the country with confidence, certainty, and clarity under a single federal rulebook. This has made our markets the envy of the world, with the widest range of tradeable products and deepest liquidity globally.

Yesterday, the State of Utah brought criminal felony charges that can carry long prison terms against the executives of a lawful, federally regulated derivatives exchange that is registered with the CFTC and subject to its exclusive jurisdiction.

Threatening felony convictions and prison time for operating a lawful business is a blatant overreach that threatens the rule of law and the legal certainty that our financial markets depend upon. Utah has set a dangerous precedent that may have a chilling effect on financial services professionals within its state.

The consequences of states using criminal prosecutions to circumvent federal law and undermine the CFTC’s authority will extend far beyond derivatives markets. The integrity of our financial markets depends on clear rules, consistent oversight, and respect for federal jurisdiction.

Utah cannot unilaterally override federal law simply because the state disagrees with it. The CFTC will defend its statutory authority and protect the integrity of federally regulated markets.

[CFTC @CFTC]

Yesterday, the @CFTC held its inaugural Frontier Forum on super intelligence where attendees discussed the growing role SI has to play in our derivatives markets and the future of agentic trading.

Thank you to all the panelists, moderators, and guests who contributed to this insightful and productive event.

[Mike Selig @ChairmanSelig]

Like the printing press, the steam engine, and the internet before it, super intelligence holds the promise to transform the global economy.

But America cannot accept the false choice of winning the SI race or maintaining global financial market supremacy. We must do both.

📺 More from me at the @CFTC's inaugural Frontier Forum on super intelligence 👇

[Mike Selig @ChairmanSelig]

The day is here.

From 1-4pm ET today, leaders in technology and finance will gather at the @CFTC for the agency’s inaugural Frontier Forum.

Tune in below to watch as we discuss the opportunities and risks super intelligence poses: https://t.co/mgQcVDMZmh

[Mike Selig @ChairmanSelig]

COT Reports have been an important source of transparency for decades.

Following feedback from the agricultural community, I’m pleased to announce the @CFTC will be rolling out COT Reports twice a week to ensure this information stream is as useful as possible.

[CFTC @CFTC]

.@CFTC Announces Semiweekly Publication of the COT Report: https://t.co/9PGjVjJ5QV

[Mike Selig @ChairmanSelig]

Congress entrusted the @CFTC with the responsibility of ensuring uniform national regulation of prediction markets under a single federal rulebook.

As I’ve said before, the agency has the expertise and authority to defend its exclusive jurisdiction over commodity derivatives, and that’s exactly what we’ll do.

[CFTC @CFTC]

.@CFTC Sues to Block State Enforcement in Utah Amid Ongoing Efforts to Preserve Jurisdiction: https://t.co/ZZTPZnQctP

[Mike Selig @ChairmanSelig]

Innovation should expand the risk management toolbox available to American farmers and ranchers, not replace the tools they’ve relied on for generations.

As Chairman of the @CFTC, I am committed to modernizing agricultural markets without abandoning the proven tools producers depend on. @KState

[Mike Selig @ChairmanSelig]

Forcing American farmers and ranchers into a 24/7 trading model that fails to serve their needs is not the answer.

The @CFTC will reject one-size-fits-all regulation and stand firmly behind the producers who depend on these markets to manage risk. Watch:

[Mike Selig @ChairmanSelig]

Excited to host the inaugural Frontier Forum on Super Intelligence this Wednesday at @CFTC HQ.

Limited in-person attendance is available to the public on a first-come, first-served basis. Any questions? Email [email protected].

We hope to see you soon!

[Mike Selig @ChairmanSelig]

The @CFTC’s responsibility is to the American people, not the party in control of Congress.

Our mission transcends party lines, and my commitment to protecting market integrity and maintaining well-functioning markets will not change with the political majority. @BloombergTV @tylerskendall