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.

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recordings per month · last 12 months

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

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I know a lot of other asset classes may not work for and may kind of take liquidity from our traditional markets.

So we're going to start with crypto.

We're getting very close.

The biggest issue with perps has been how do we characterize them under our statute?

So the history of our statute is before we had

The Dodd-Frank Act, which amended our act after the financial crisis, we started off with just futures contracts and options.

And so it was very clear what a product was, was either an option or a futures contract.

But now we have swaps, which are much broader in their definition.

And so there's been questions as to, are these truly contracts for future delivery if there's a perpetual existence?

And what we got as a result of this was these long-dated futures contracts.

So Coinbase and others have launched

kind of these quasi perps where it's a 50 year time horizon to settlement.

And that looks a little bit like a perp, but it's not perpetual.

And so we're going to fix that.

We're going to make sure that it's possible to launch perpetuals here in the US, hopefully in the next handful of weeks to a month, hopefully.

So we're getting very close.

And I think that's going to be a great win for the industry and for the American people.

And we're going to make sure there's the right guardrails around it and all of that.

So it's well regulated.

Well, our statute requires us to regulate the markets, and that's what we're going to do.

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