News: Selig is keeping tabs on MN, where lawmakers just advanced legislation that would ban prediction markets, and states like it amid the ongoing legal battle over who gets to regulate, I'm told.
The industry hopes a mountain of legal precedent can keep Congress mostly at bay:
President Trump’s @POTUS Cyber Strategy for America makes it a national priority to secure crypto networks and protocols against cyber threats. This is critical as the @CFTC modernizes its rules and regulations for onchain markets.
Thank you @RepBryanSteil for your leadership on digital asset market structure. The @CFTC stands ready to implement purpose-fit digital asset regulations to help ensure the U.S. remains the crypto capital of the world.
“We’ve seen the eerie world of ‘1984’ where everything’s two plus two equals five,” Selig told The Wall Street Journal, referencing George Orwell’s dystopian novel. “These markets make sure that we get it right—and I think it’s very important to protect that here in the United
