CFTC Chair Michael Selig calls U.S. the crypto capital as agency drafts asset taxonomy and DeFi rules

CFTC Chair Michael Selig said in a Monday speech that the United States is now the "crypto capital of the world" and outlined a regulatory agenda for digital assets. He detailed plans to create a joint crypto asset taxonomy with the SEC, issue guidance for non-custodial software developers and clarify rules for leveraged retail commodity transactions and true crypto-perpetuals. Selig also described new steps on prediction markets, including draft guidance for event contracts and a planned rulemaking to gather industry feedback.