CFTC man Selig dey find Clear Crypto Rules, DeFi Oversight

Michael Selig, di SEC crypto task force chief counsel an di person dem nominate for chair di CFTC, tell di Senate Agriculture Committee say clear crypto regulation important if dem want prevent company dem from waka go abroad. Him talk di digital asset market fast climb come reach $4 trillion an warn say if di government jus dey punish an do only enforcement e fit make US lose im competitive power. Selig talk say clear crypto regulation suppose include special guidance for different blockchain platforms. Him propose say make dem get balanced DeFi oversight framework wey dey based on on-chain functionality an intermediary roles, an say make dem get special “patrol police” to watch market an protocols. E talk about conflict of interest wey fit concern from him old advisory roles an promise say e go cooperate with future commissioners. If dem confirm am, e go replace acting chair Caroline Pham an fill one of di five CFTC seats. Traders suppose dey watch out for him market-structure proposals wey fit shape enforcement priorities an affect how DeFi project listings and liquidity go be.