CFTC chair says he won't wait for new commissioners to regulate crypto

U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig said at a congressional hearing that he will not wait for the appointment of additional commissioners to establish regulations for cryptocurrency and prediction markets. According to Cointelegraph, Selig stated that he cannot delay establishing regulations for the American people, emphasizing the importance of protecting investors and consumers and creating market safeguards. He added that he cannot promise to neglect the duties entrusted to him by the president.