CFTC Chairman Mike Selig wants consistent crypto rules across U.S. states, pointing to gaps such as New York's BitLicense. His call fits into discussions of a federal framework, including the proposed Regulation CTX and Regulation CAM.
The CFTC chairman, Mike Selig, called for uniform crypto regulations across U.S. states, stressing the need for consistent protections for crypto transactions nationwide.
Selig highlighted disparities in regulatory standards, such as New York's BitLicense, and advocated a cohesive federal framework to govern crypto activities.
The statement aligns with ongoing federal discussions, including the proposed Regulation CTX and Regulation CAM. Both aim to create a unified approach for exchanges engaging in certain crypto-market activities. According to Crypto Briefing, the development suggests a potential shift in the regulatory landscape, which could affect broader market sentiment.
Crypto Briefing says market pricing indicates participants may view Selig's statement as supportive of a more favorable regulatory environment. Meanwhile, market odds for Bitcoin reaching $200,000 by the end of 2026 remain low, with a slight increase in confidence for reaching lower thresholds.
Crypto Briefing adds that developments in the proposed Regulation CTX and CAM could further influence market sentiment and pricing.
Source: Crypto Briefing
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