CFTC chair Selig defends decision to approve ‘perps’ in U.S.

Michael Selig argued that incumbents will always fear the future, but emphasized the importance of developing the new asset class domestically rather than only offshore. The comment is supportive of domestic innovation and regulatory development, but provides no specific policy change, timeline, or market-moving detail.

Analysis

Michael Selig argued that incumbents will always fear the future, but emphasized the importance of developing the new asset class domestically rather than only offshore. The comment is supportive of domestic innovation and regulatory development, but provides no specific policy change, timeline, or market-moving detail.