CFTC Chairman: Will continue to introduce encryption regulatory rules relying on existing powers

Odaily Planet Daily News Michael Selig, chairman of the U.S. Commodity Futures Trading Commission, said that various regulatory agencies already have a large number of existing statutory authorities; when participating in the work of the President's Digital Asset Market Working Group, they have studied statutory authorization and legislative authority, and will continue to introduce regulatory rules in the encryption field based on existing regulatory authorities to prepare for the development of new financial fields.