# 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.

- Published: 2026-10-08T05:50:08.479Z
- Canonical: https://polylog.news/crypto/2026-10-08/cftc-chair-michael-selig-says-new-crypto-rules-will-prevent
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Bitcoin Magazine](https://bitcoinmagazine.com/news/cftc-boss-says-rules-will-stop-another-ftx), [Crypto Briefing](https://cryptobriefing.com/cftc-selig-ftx-clear-crypto-rules/), [Polylog editors](https://polylog.news)

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…

This story is for subscribers. Read it in full at https://polylog.news/crypto/2026-10-08/cftc-chair-michael-selig-says-new-crypto-rules-will-prevent (subscription information: https://polylog.news/pricing).