The CFTC’s Proposed Rules to Reshape US Crypto Markets | CFTC Chair Mike Selig

About this episode

Could American crypto traders finally get the same features available on offshore exchanges? CFTC Chair Mike Selig joins David Hoffman to unpack Reg CTX and Reg CAM, two proposed rules that could bring retail spot margin trading and a new federal framework for crypto exchanges to the US. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔓NEAR | TRADE CONFIDENTIALLY, GET 20% BACK https://bankless.cc/near2026 🌍 RIPIO | LOCAL CURRENCIES, ONCHAIN https://bankless.cc/ripio 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 👑BANKLESS CONTENT MCP https://www.bankless.com/premium --- TIMESTAMPS 00:00 CFTC Chair Mike Selig Returns 03:09 Why Financial Markets Need Federal Regulation 11:13 Who Actually Regulates Spot Bitcoin? 17:27 The CFTC, FinCEN, and State Regulators 22:29 The New Crypto Regulatory Trilogy 27:16 Reg CTX: Bringing Margin Trading Onshore 29:22 Reg CAM: A New Federal Exchange Framework 31:11 The Problem with 50 State Licenses 35:11 What Retail Crypto Leverage Could Look Like 39:24 Ending the SEC and CFTC Turf War 42:58 The Risks of Combining Financial Businesses 54:04 What Other Products Could This Unlock? 56:35 Where the CFTC Gets Its Authority 1:01:05 Can These Rules Survive Without the CLARITY Act? 1:05:05 Prediction Markets and the Supreme Court 1:08:11 How the Crypto Industry Can Respond --- RESOURCES CFTC Chair Mike Selig https://x.com/ChairmanSelig --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures