Mike Selig

The SEC is a very focused capital formation regulator.

They regulate the public offerings of securities.

They regulate those markets in the secondary.

And so having the defined roles is really important, but we need to work together.

We need to coordinate everything.

I've learned a lot at both agencies.

And I think those learnings are critical in ensuring that we lead as a country, that we have rules that make sense at both agencies, but very defined roles.

And I think it's important to keep them that way.

I think these are some of the most transformative technologies that we've seen.

They're really generational technologies.

I'm excited to be at the forefront leading the CFTC to help develop rules for them.

And I don't think those rules should be uniform across all these technologies.

It's not one size fits all.

We need purpose fit rules that make sense, but they also need to be merit neutral.

We can't be saying, you know, AI is fine, but crypto is not.

Our prediction markets don't make sense, but we like crypto.

So we're trying to take an approach of making sure that our rules are

consistent, coherent, rational, but tailored to the technology.

And I do think that these technologies really are synergistic.

So we've got blockchain rails that are a response to some of the debanking, the Operation Chokepoint 2.0, the tendency of government to take our assets.