Mike Selig

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

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

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:

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.

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 👇

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: cftc.gov/Webcast/current

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.

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.

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

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:

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!

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

Crypto markets deserve the same time-tested protections that have governed America’s derivatives markets for generations. While Congress has yet to act, the @CFTC is advancing a voluntary federal registration pathway for crypto exchanges, bringing them closer to the gold standard of American market oversight. @BloombergTV @tylerskendall

I’m pleased the @CFTC and @NBA have signed an MOU continuing the Commission’s commitment to increasing data sharing between the agency and professional sports leagues. The NBA joins the @MLB and @NHL in taking a responsible step toward protecting sports integrity and market participants from abuses in prediction markets like insider trading and fraud. I thank NBA Commissioner Adam Silver for putting the integrity of professional basketball and America’s financial markets first and for working with the agency on this MOU.

I've spent this year traveling across the country, getting out into the heartland, and hearing directly from the farmers and ranchers who work tirelessly to feed, fuel, and clothe America. Agriculture is at the foundation of the @CFTC's mission, and under my leadership, we will continue listening to those who depend on our markets and putting their needs at the forefront of our work.

Unlike casino-style gambling, @CFTC-regulated prediction markets operate under a federal regulatory system designed to protect market integrity and prevent manipulation. Conflating the two ignores the fundamental distinction between gambling and regulated financial markets. @BloombergTV @tylerskendall

Market manipulation has no place in CFTC-regulated markets. With the midterm elections approaching, the @CFTC is closely monitoring prediction markets for attempts to distort trading activity or manipulate outcomes. Let me be clear: Those who manipulate our markets will be held accountable. @BloombergTV @tylerskendall

The strength of the @CFTC lies in the dedicated public servants who carry out our mission every day. It was a pleasure visiting our Kansas City office and thanking the talented team whose work help uphold the gold standard of market integrity.

Prediction markets offer Americans a new way to gauge what’s happening in the world, and as they grow, so does the need for federal oversight. At the @CFTC, we are closely monitoring trading activity to uphold the gold standard of market integrity. Watch more on @clayandbuck: