- Selig stated that the CFTC had ended its climate risks unit and other climate-related initiatives within its first 100 days.
- The agency is considering more frequent trader engagement reports following requests from agricultural businesses.
- The CFTC and the SEC launched Project Crypto as Congress considers legislation on the structure of the crypto market.
CFTC President Michael S. Selig used his 100 days to define the agency’s new program.
He stated that the CFTC was streamlining regulations, expanding market access, and preparing for broader cryptocurrency oversight. The plan also covers agricultural hedging tools, energy producers, and forecasting markets.
The first 100 days focus on rule changes
In a comment dated April 1, Selig stated that the agency acted swiftly after his swearing-in ceremony on December 22, 2025.
He described the CFTC as a major regulator for futures, options, and swaps. Selig stated that these markets support pricing and risk management in agriculture, fuel, and other everyday commodities.
He also stated that the agency’s work influences household costs through hedging markets.
Selig highlighted the growing interest in prediction markets, crypto assets, and AI data center computing. He stated that these areas are shaping the next phase of financial markets.
During my first 100 days as @CFTC, Mr. Chairman, I made significant progress in expanding access to risk management tools for farmers and ranchers, repealing outdated rules and regulations, and delivering on commitments made. @POTUS promises to make America the cryptography capital of the world.
THE…
— Mike Selig (@ChairmanSelig) April 1, 2026
Selig stated that the agency had dismantled its climate risk unit and withdrawn other climate-related efforts. He also said the CFTC would no longer rely on what he called regulation through law enforcement. These measures were presented as part of a broader rollback of Biden-era policies.
He called for the « minimum effective dose of regulation » as markets move up the supply chain. He argued that clear rules can keep business and technology companies operating in the United States.
Furthermore, he also linked this objective to President Donald Trump’s impetus for the growth of cryptography.
Contingency plans for agriculture and energy
Selig stated that the CFTC had relaunched its agricultural advisory committee within the first 100 days. He said the panel included farmers, lenders, and other market participants.
The agency also launched an innovation advisory committee made up of academics, established companies and newcomers.
The president stated that the CFTC was reviewing changes to the Trader Engagement Report. He said the agency wanted to publish the report more frequently, following long-standing requests from agricultural businesses. The report tracks positions in futures and options markets.
The agency is also working on de minimis threshold exemptions for certain commodity swap users.
Selig stated that this decision could reduce compliance costs for producers of energy, agriculture, and essential minerals. He said that broader market access could foster greater liquidity and more stable prices over time.
Cryptocurrency monitoring and forecasting markets
Selig stated that the CFTC is preparing to play a more prominent role if Congress passes legislation on the structure of the crypto market.
He described the cryptocurrency market as a $3 trillion sector that continues to grow. The president stated that the agency was ready to oversee digital products within this framework.
In January, the CFTC and SEC launched Project Crypto to align federal oversight of cryptocurrency markets. Additionally, in March, the agency issued a no-action order against a digital wallet software developer. It also published a classification system to separate digital securities from digital products.
The agency also published guidelines on symbolic guarantees and opened a working group on innovation.
In addition, staff published a market forecast notice and promptly solicited public input. Selig stated that these markets can serve as information discovery tools under current law.
Source: Live Bitcoin News
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