CFTC CHAIRMAN TOLD FOX THAT #BITCOIN# AND CRYPTO MARKET STRUCTURE WILL PASS AND BE ADOPTED GLOBALLY CLARITY WILL BE SIGNED INTO LAW IN AMERICA CRYPTO WILL EXPAND TO BILLIONS BTC IS GOING MAINSTREAM 🚀

CFTC Issues No-Action Relief for Event Contracts CFTC issued no-action relief for fully collateralized event contracts, exempting DCMs, DCOs and market participants from certain swap recordkeeping and reporting requirements. The agency also introduced a streamlined process for future applicants related to event contracts.

The CFTC steps between Kalshi and a Michigan court The @CFTC ordered @Kalshi to ignore a Michigan court demand to void and refund customer trades, escalating a federal-versus-state fight over prediction markets. Chair Mike Selig (@ChairmanSelig) says states can't "bully" a federally registered market, and that unwinding executed trades is unprecedented and risks a cascade. Michigan's attorney general sees it differently, calling Kalshi's sports contracts illegal gambling. A county court ordered the wagers stopped in June. Michigan is the first state to try canceling trades outright. Who wins draws the line for the whole sector, Kalshi and on-chain venues like Polymarket alike. Federal rails or state lines?

The @CFTC's job is not to force change for the sake of change. Our job is to make sure innovation works for the people who use our markets. Carefully balancing innovation with the day-to-day realities of American agriculture allows our farmers access to better tools and stronger markets.

The @CFTC's roots are in regulating agricultural markets. As Chairman, I'm just as focused on ensuring that regulation works for our traditional markets as on modernizing our rules for markets on the new frontier.

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

🚨NEW: Former @CFTC Chairman @giancarloMKTS told me he thinks there’s a greater than 50% chance the Clarity Act does not pass and “that’s okay.” He says innovation will continue under the regulatory frameworks put in place at the SEC and CFTC, and that a future hostile administration won’t be able to undo the progress made over the next two years.