Sam Canavos

counsel to @chairmanselig @cftc / alum @uva @georgemasonlaw

[Sam Canavos @sccanav]

@ChairmanSelig was clear when he spoke in March:

"We need to have that liquidity here in the U.S. and we need the right investor protections to ensure that these firms don’t blow up and affect our shores. So we’re working toward getting [...] true perpetual futures [...] here in the U.S. within the next month or so.”

Today, the Commission approved the first *true* perpetual futures contract in the U.S.

[Mike Selig @ChairmanSelig]

In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.

This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.

[Mike Selig @ChairmanSelig]

No instance of fraud, manipulation, or insider trading is too small, and no offender is too big. The @CFTC is taking a zero-tolerance approach to misconduct and will hold bad actors accountable. @thehill

[Mike Selig @ChairmanSelig]

The @CFTC is streamlining its processes for receiving and reviewing product self-certifications to keep pace with the new frontier of finance. This common-sense change to the Commission’s filing process is an important step toward reducing unnecessary burdens on both exchanges and the Commission.

[Michael Passalacqua @passalacqua_mj]

A historic day for American crypto markets as the @CFTC delivered on @ChairmanSelig’s Day 1 commitment to onshore crypto asset perpetuals.

Onshoring crypto asset perps is a major step toward ensuring the new frontier of finance is built in America. 🇺🇸

[Sam Canavos @sccanav]

A recap:

1/ Policy Statement on Perps: https://t.co/SYCi0bvY73

2/ BTCPERP Approval Order: https://t.co/j5OfH1Hfmc

3/ Foreign Futures Classification & NAL Re: FCM Transfers of Customer Crypto to Foreign Brokers as Margin: https://t.co/xe0ZSVXb8z

4/ Staff Advisory Re: 24/7 Trading, Clearing, Settlement: https://t.co/xe0ZSVXb8z

[Sam Canavos @sccanav]

@ChairmanSelig was clear when he spoke in March:

"We need to have that liquidity here in the U.S. and we need the right investor protections to ensure that these firms don’t blow up and affect our shores. So we’re working toward getting [...] true perpetual futures [...] here in the U.S. within the next month or so.”

Today, the Commission approved the first *true* perpetual futures contract in the U.S.

[Mike Selig @ChairmanSelig]

In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.

This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.

[Mike Selig @ChairmanSelig]

In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.

This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.

[Michael Passalacqua @passalacqua_mj]

Under @ChairmanSelig’s leadership, the @CFTC is committed to delivering clear rules of the road for prediction markets & ensuring the U.S. remains the crypto capital of the world.

[Mike Selig @ChairmanSelig]

During the years of debanking, regulation by enforcement, and prosecution of software developers under the prior administration, @HesterPeirce gave innovators, builders, and entrepreneurs hope for a better future in America through dozens of thoughtful and articulate dissents and speeches.

Her tireless work leading the @SECGov Crypto Task Force over the past year and a half established a new foundation of clear rules and safeguards for innovators in the US.

America would not be the crypto capital of the world today if not for her leadership.

[Mike Selig @ChairmanSelig]

Governor Walz and Minnesota are putting special interests first and American farmers and innovators last.

Minnesota’s new law would make it a felony to trade event contracts in the state, hurting Minnesota farmers who have relied on weather and crop-related event contracts for decades.

This law is the most aggressive move by a state to shut down @CFTC-regulated markets and undermine our authority, and we’re taking action to protect federal market oversight.

More⬇️
https://t.co/RmA7IaoE0x

[Mike Selig @ChairmanSelig]

I am pleased to welcome DJ to the @CFTC. He brings a wealth of experience advising clients across the financial services industry, and his work with crypto assets and prediction markets will be of tremendous value as we seek to future-proof the CFTC’s rules and regulations.

[Mike Selig @ChairmanSelig]

Today’s amicus brief represents the @CFTC’s continued effort to protect our jurisdiction over prediction markets from the ongoing campaign of state encroachment.

As I’ve said repeatedly, the agency will not allow overzealous state governments to undermine our longstanding authority over these markets.

Read more⬇️

[Mike Selig @ChairmanSelig]

The @CFTC has a zero-tolerance policy for insider trading.

As I’ve repeatedly said, the agency is working alongside exchanges to police our markets and will hold bad actors accountable to the fullest extent of the law.

More 👇

[Mike Selig @ChairmanSelig]

Insider trading will not be tolerated. The @CFTC will use the full force of the law to protect market integrity for the American people and those who misappropriate information on our markets should be on notice.

Watch more with @SaraEisen on @CNBC 📺

[Mike Selig @ChairmanSelig]

As Chairman of the @CFTC, I established an Innovation Task Force to engage directly with innovators in the digital asset space to support innovation, not stifle it. ITF works with industry stakeholders and other government officials to build a durable and collaborative foundation that keeps digital asset innovation onshore. Watch:

[Mike Selig @ChairmanSelig]

I’ve been crystal clear: anyone who engages in insider trading in any of our markets will face the full force of the law. Today, the @CFTC took parallel action with @SDNYnews to charge an individual with insider trading involving event contracts.

The @CFTC won’t tolerate insider trading in our markets, and our Division of Enforcement will continue to vigilantly police our markets for any illegal actions.

Read more ⬇️
https://t.co/2a14NGxX0b

[CFTC @CFTC]

WATCH: @ChairmanSelig stresses the importance of getting digital asset market structure legislation to @POTUS’ desk to protect investors, innovators and consumers in this space.

[Michael Passalacqua @passalacqua_mj]

Thrilled to be part of a team that pairs deep @CFTC expertise with private-sector experience ranging from major law firms, @BlockchainAssn & @fund_defi.

[Sam Canavos @sccanav]

@TimHite

[CFTC @CFTC]

.@CFTC Announces Innovation Task Force Staff: https://t.co/NvJq04fGlZ

[Mike Selig @ChairmanSelig]

The @CFTC is hard at work to keep pace with the rapid speed of innovation in our markets. Check out our new Innovation Tracker, which highlights all the work the agency has done under my leadership to advance regulatory clarity, market integrity, and responsible technological progress.

Read more about our innovation initiatives at the @CFTC: https://t.co/n3pLOqtmkQ