Search results for Michael Selick
Crypto
Former CFTC chair says Clarity bill should not be overhyped, industry innovation to continue
Chris Giancarlo, a former chairman of the U.S. Commodity Futures Trading Commission, said technological innovation in the cryptocurrency industry will not stop even if the Clarity bill pending in Congress fails to pass. He urged the industry not to overestimate the bill and raised concerns about expanded surveillance, saying the bill could draw crypto transactions into Bank Secrecy Act monitoring. He also commented on political factors behind delays and federal regulation of prediction markets.
Crypto
Clarity Act could shape CFTC authority over prediction markets in U.S.
A bill known as the Clarity Act being discussed in the U.S. Congress could provide grounds to expand the Commodity Futures Trading Commission\'s oversight of prediction markets, a claim said to have been raised. At a House subcommittee hearing, legal experts focused on regulatory gaps around sports event prediction markets and conflicts between federal and state rules. Debate is intensifying over how far the CFTC can oversee platforms such as Kalshi and Polymarket.
Crypto
U.S. CFTC regulatory retreat under scrutiny as Warren seeks answers on Gemini, Polymarket
U.S. Senator Elizabeth Warren pressed the Commodity Futures Trading Commission over what she called a pullback in crypto enforcement and suspected political interference. Warren asked Chairman Michael Selick to explain reduced enforcement, staffing cuts and whether certain firms received favorable treatment. She cited sharp declines in cases and penalties since the Trump administration began, reports of workforce reductions, and approvals involving Polymarket and Gemini. Warren demanded records by June 18.
