According to Bitcoin Magazine, CFTC Chair Mike Selig stated that the regulator is actively developing new rulemaking for the cryptocurrency sector. The goal, he said, is to reduce the risk of large‑scale failures similar to the collapse experienced by FTX.
Selig emphasized that the forthcoming rules will focus on stringent requirements for firms handling user funds and offering trading services. He noted that oversight will cover areas such as capital adequacy, disclosure practices, and compliance monitoring.
The announcement comes as the CFTC continues its review of recent market incidents and seeks to establish clearer standards for crypto‑related businesses. No timeline or specific provisions were provided in the statement.
