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CFTC chair Selig defends decision to approve ‘perps’ in U.S.
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- Commodity Futures Trading Commission chair Michael Selig weighed into the perpetual futures debate in a Monday appearance on CNBC's "Fast Money," defending his agency's decision to approve the asset domestically.
- Selig said that incumbents will always fear the future, but that the commission is looking to onshore products that are being developed internationally to ensure they can be made safely under robust regulations.
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Commodity Futures Trading Commission chair Michael Selig weighed into the perpetual futures debate in a Monday appearance on CNBC's "Fast Money," defending his agency's decision to approve the asset domestically.
Selig said that incumbents will always fear the future, but that the commission is looking to onshore products that are being developed internationally to ensure they can be made safely under robust regulations.
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