Mike Selig (@ChairmanSelig) / X

Mike Selig

335 posts

Mike Selig

@ChairmanSelig

Serving President Donald J. Trump as the 16th Chairman of the @CFTC

Washington, D.C.

Joined December 2025

Following

12.4K

Followers

Mike Selig
@ChairmanSelig
14h
Today’s joint request for public comment presents an opportunity to address longstanding ambiguities within Title VII of Dodd-Frank that have stifled fair competition and responsible innovation. I appreciate the partnership of @SECPaulSAtkins as we work together to further
CFTC
@CFTC
14h
.@CFTC, SEC Seek Public Comment to Further Clarify and Harmonize Derivatives Product Definitions: cftc.gov/PressRoom/Pres…
7.2K
Mike Selig
@ChairmanSelig
14h
I’m proud to be working alongside @SECPaulSAtkins to streamline and harmonize swap data reporting for registrants. I look forward to hearing from market participants about the ways we can cut red tape and reduce costs, while still collecting the data we need to conduct our
CFTC
@CFTC
14h
.@CFTC, SEC Seek Public Input on Data Reporting Frameworks for Security-Based Swap and Swap Markets: cftc.gov/PressRoom/Pres…
7.3K
Mike Selig
@ChairmanSelig
17h
Thanks to the Exchequer Club for having me. It was great to join Paul Thornell, the Club's Chancellor, to discuss how the @CFTC is maintaining America's position as the global leader in financial markets.
2.7K
Mike Selig
@ChairmanSelig
Jun 17
Market participants should not be penalized with onerous requirements for engaging in activities that reduce their portfolio risk. The Dodd-Frank Act massively over-regulated this type of activity. Today's @CFTC staff action provides relief to certain firms that offer or utilize
CFTC
@CFTC
Jun 17
.@CFTC Staff Issues No-Action Letter for Swap Post-Trade Risk Reduction Services: cftc.gov/PressRoom/Pres…
7.2K
Mike Selig
@ChairmanSelig
Jun 17
In the past, turf battles between the CFTC and SEC pushed novel products and innovators to the sidelines. Those days are over. @SECPaulSAtkins and I are working together to bring security futures, security perpetuals, and other types of assets to market so that America remains
00:00
16K
Mike Selig
@ChairmanSelig
Jun 16
The @CFTC’s approval of perpetual contracts marked the first new category of derivative products approved by the agency in over a decade. A milestone for American markets, and a signal that innovation is back onshore. @Bankless
00:00
13K
Mike Selig
@ChairmanSelig
Jun 16
I've said since day one that the @CFTC will be looking at perpetuals on an asset-by-asset basis. The CFTC staff’s advisory on 24/7 trading made this point abundantly clear, and we will continue to work to ensure responsible innovation is allowed to flourish in American markets.
00:00
11K
Mike Selig
@ChairmanSelig
Jun 16
Futurity doesn't necessarily mean a fixed final delivery date or expiry. The courts and the Commission, not any one definition in statute, have determined which contracts qualify as "contracts for future delivery" over the years. After considering this precedent, the @CFTC
00:00
10K
Mike Selig
@ChairmanSelig
Jun 15
Perpetual futures’ unique funding mechanism and lack of expiry have made the product popular offshore, where limited regulations apply. Under my chairmanship, the @CFTC is bringing perpetuals onshore under a robust regulatory framework. More form my conversation on
00:00
70K
Mike Selig
@ChairmanSelig
Jun 15
For too long, American regulators have strangled innovation with ill fit rules. In this new era at the @CFTC, we are ending regulation by enforcement and ensuring the new frontier of finance is built on US soil. This is just the beginning. @Bankless
00:00
27K
Mike Selig
@ChairmanSelig
Jun 15
There have been misconceptions circulating around perpetual futures contracts. I want to correct the record on these important matters related to the perpetual contract structure and the @CFTC’s recent approvals of these contracts. 🧵👇
85K
Mike Selig
@ChairmanSelig
Jun 15
Replying to @ChairmanSelig
Myth: The @CFTC did not provide the industry a chance to participate or provide comment on the perpetual contract structure. Fact: The @CFTC provided the public an opportunity to comment in April 2025 when it issued a request for comment regarding both “perpetual contracts” and
00:00
4.6K
Mike Selig
@ChairmanSelig
Jun 15
Myth: The funding rate mechanism imposes uniquely and prohibitively high fees on market participants, incentivizing bad behavior in the market. Fact: The annualized cost of carrying a comparable position in dated futures is about the same when accounting for the costs associated
00:00
5.5K
Mike Selig
@ChairmanSelig
Jun 15
Prediction markets have been around since the 1990s, but never before have we had clear rules around which types of events may underpin event contracts. Last week, the @CFTC issued a Notice of Proposed Rulemaking to define key terms and determine which contracts serve the public
00:00
17K
Mike Selig
@ChairmanSelig
Jun 14
Ready to go for @ufc Freedom 250! Congratulations to @danawhite on a historic event. Good luck to all the fighters competing this evening 👊 🇺🇸
6.5K