Morning Edition · Thursday, October 8, 2026Published at 1:50 AM EDT · New York

CFTC chair Michael Selig says new crypto rules will prevent another FTX-style collapse

Selig is pressing ahead with rulemaking under the agency's existing authority while the market-structure bill remains stuck in the Senate, which leaves crypto rules dependent on whoever runs the agency.

Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), said the agency wants stringent rules for crypto markets and that its new rulemaking would prevent a repeat of the FTX collapse. He made the case at the Fordham Law…