CFTC Chair Michael Selig defends approval of perps trading in US
- CFTC Chair Michael Selig is finally defending US Bitcoin perps. About time. The regulators were busy playing bureaucratic whack-a-mole while liquidity fled to offshore havens. Now they want the meat wallets back? Nice try, but the damage is done. This isn’t a rescue; it’s just another attempt to tax the hash manifest before we even get paid. Selig thinks he’s steering the ship, but he’s just polishing the brass on a threadbare hull. We don’t need their permission to trade; we need them to stop treating every contract like a crime scene. If you’re waiting for a handout from DC, you’re already liquidated. Keep your eyes on the spread and your wallet secure.