In a public statement marking his first 100 days, Commodity Futures Trading Commission Chairman Michael S. Selig reviewed actions he said the agency has taken to roll back climate-focused work, shift away from a “regulation through enforcement” approach, and advance work on crypto assets, prediction markets and agricultural market transparency. The statement describes the dismantling of the CFTC’s Climate Risk Unit and the rescission of other climate-related initiatives. It also sets out new and revived stakeholder forums, including an Innovation Advisory Committee and a revitalized Agricultural Advisory Committee, and flags planned changes to the Commitment of Traders report, including publishing it more frequently. On market access and compliance burden, the CFTC is working to finalize de minimis threshold exemptions intended to provide relief for energy, agriculture and critical mineral producers in commodity swaps markets. For crypto, the statement points to the SEC-CFTC “Project Crypto” initiative and March measures including no-action relief for a digital wallet software developer, publication of a first crypto asset taxonomy distinguishing digital securities from digital commodities, additional clarity on tokenized collateral, and the launch of an Innovation Task Force. For prediction markets, it notes a staff advisory and a notice soliciting early public input ahead of potential new regulations. Next steps cited include finalizing the de minimis threshold exemptions, implementing changes to the Commitment of Traders report, and using early input to inform whether to pursue new prediction market regulations, alongside preparedness for potential congressional crypto market structure legislation.
Commodity Futures Trading Commission 2026-04-01
Commodity Futures Trading Commission Chairman Selig highlights dismantling the Climate Risk Unit and launching Project Crypto and prediction market initiatives
Commodity Futures Trading Commission Chairman Michael S. Selig, in a statement marking his first 100 days, highlighted rolling back climate-focused work, including dismantling the Climate Risk Unit, and shifting from “regulation through enforcement” toward expanded stakeholder engagement and market transparency. The agency is advancing initiatives on crypto assets, prediction markets and agricultural markets, including de minimis threshold exemptions for commodity swaps, more frequent Commitment of Traders reporting, the SEC-CFTC “Project Crypto” initiative, a crypto asset taxonomy, and early-stage work on potential new prediction market regulations.