The CFTC builds crypto rules with its existing powers and readies rules for AI agents that trade on their own
"It's GO TIME," CFTC Chair Mike Selig wrote on X: the agency will use the authority it already has to set up a market structure for crypto assets.
In a CNBC interview on Wednesday, Selig said the CFTC has to review all of its rules for the move to "24-7 on-chain" markets and to automated markets run by algorithms and agentic finance, according to Bitcoin Magazine. The same outlet reports that the agency sent the White House a proposal this week to regulate crypto transactions and markets.
According to a post on X by BSC News, Selig said the agency is updating its rules for 24/7 trading, tokenization and AI agents that trade on their own, and that the first public roundtable on agents will be held on October 28.
Sources: Mike Selig (X) · Bitcoin Magazine · BSC News (X)