Mike Selig

We're here meeting with crypto companies, bank representatives and senators as well to see if we can get to a solution on market structure.

And one of the big issues that did come up in the past was this idea of stable coins on rewards.

I wouldn't say we blocked it.

In fact, nobody, I think, in the crypto space has been working harder on this over the last few years to try to get some legislation.

What we did say was the current draft, we had some issues with it.

I think that caused everyone to come back to the table.

And there's now a path forward where we can get a win-win-win outcome here.

A win for the crypto industry, a win for the banks, and a win for the American consumer to get President Trump's crypto agenda through to the finish line so we can make America the crypto capital of the world.

No, that's not true.

I think that's a very solvable issue.

And actually, Coinbase has been very front footed on this.

We put together a quantum advisory council and we're in regular contact with the major blockchains about a path to upgrade to a post quantum cryptography world.

So we're going to stay engaged on that.

And I think it's very solvable.

CFTC Chairman Mike Selig here.

Over the past year, American prediction markets have been hit with an onslaught of state-led litigation.

In response, the CFTC has today filed a friend of the court brief to defend its exclusive jurisdiction over these derivative markets.

Today, the CFTC is taking an important step to ensure that these markets have a place here in America and have the integrity and resilience and vibrancy that our derivatives markets deserve.

To those who seek to challenge our authority in this space, let me be clear.

We will see you in court.