Making America the Crypto Capital of the World | New CFTC Chairman Michael Selig

A conversation with new CFTC Chairman Mike Selig on the policy shift behind America’s push to become the crypto capital of the world. We cover the CFTC’s evolving role in crypto, prediction markets, and perpetuals, the end of regulation by enforcement, how the agency is thinking about DeFi and software developers, and why market structure legislation like the Clarity Act could reshape the future of U.S. crypto. ------ 🎬 DEBRIEF | RYAN & DAVID UNPACKING THE EPISODE https://www.bankless.com/podcast/debrief-making-america-the-crypto-capital-of-the-world ------ 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🪐GALAXY | INSTITUTIONAL DIGITAL FINANCE https://bankless.cc/galaxy-podcast 🏅BITGET TRADFI | TRADE GOLD WITH USDT https://bankless.cc/bitget 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 🌍 WORLD | FULLY ONCHAIN EXCHANGE https://bankless.cc/world ------ TIMESTAMPS 0:00 Intro 0:33 Mike’s Background 4:25 Commodity Markets Transformation 7:31 Commodity Definition 10:56 The Role of the CFTC 11:56 Prediction Markets 17:48 Navigating New Markets 20:34 Are Prediction Markets CFTC Territory? 24:45 Insider Trading vs Information Advantage 28:25 Trump’s Conflict of Interests 29:21 Clarity Act 36:58 Project Crypto 39:37 Defining Intermediary 43:32 Exchanges vs L2s 45:50 No More Wells Notices 50:17 The New CFTC & SEC 54:51 Making America the Crypto Capital of the World 57:08 Best of the Clarity Act 59:04 Closing & Disclaimers ------ RESOURCES Mike Selig https://x.com/ChairmanSelig CFTC https://www.cftc.gov/ ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠