Mike Selig

speaker

632 appearances 5 recordings 3 series first heard Feb 2026 last heard 2 Jul

Mike Selig’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 5 in all, peaking in Feb 2026 with 2.

Appearances

newest first · ▶ plays the moment

Bankless · Perps Are Coming Onshore | CFTC Chairman Mike Selig · 15 Jun 2026 podcast

Oftentimes, you're using a broker to access the clearinghouse, to access the exchange.

You're not going direct to the market, but we are starting to see many exchanges offer direct access, which

we also think is a valuable thing for our markets.

We like competition.

We like optionality.

So there's a wide range of regulations that apply here in the U.S.

to these platforms relative to, say, something on-chain that doesn't have a regulator.

We also, of course, approve contracts for listing.

So each contract has to not be readily susceptible to manipulation.

I mentioned that some of these go through a self-certification process, which means that we don't have to individually approve

approve each one, but we have the ability to reject when something's submitted for listing.

So that's very important.

Leverage is a big issue.

So leverage offshore, you see 250x, sometimes beyond that even.

In the United States, we've seen more 5 to 7x range, sometimes getting up to 10x.

Some products like the S&P products moving outside of crypto have a higher leverage.

But all this is based on certain parameters that are set by our regulations.

And we work with the clearinghouses and with the exchanges on getting right.

So for Bitcoin perpetuals and some of these products, expect to see five to seven, maybe getting up to 10x leverage, but nothing like you're getting offshore.

And that's

Showing 181–200 of 632 · page 10 of 32