Business

CFTC Chair Defends Approval of New Asset Class

Updated 2026-06-15 22:55 UTC 1 source Neutral

Michael Selig, chair of the CFTC, defended his decision to approve new financial instruments. He emphasized the importance of developing these assets domestically.

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CNBC

CFTC chair Selig defends decision to approve ‘perps’ in U.S.

Michael Selig said that incumbents will always fear the future, but it's important to develop the new asset class domestically rather than only offshore.

2026-06-15 22:39 UTC