Buy CryptoMarketsSpotFuturesGOLDEarnEvent Centre
More
Gold vs Crypto
TLDR: Senate committee advances Selig as CFTC and crypto debate accelerates across trading circles. Market demand for onchain derivatives increases pressure on CFTC rulemaking choices. Posts from Pedersen and Chervinsky frame the vote as a key policy inflection point. Retail access concerns sharpen industry focus on upcoming Senate floor action. The Senate Agriculture Committee advanced [...] The post Senate Committee Moves Selig Nomination Forward as Debate Over CFTC and Crypto Intensifies appeared first on Blockonomi.TLDR: Senate committee advances Selig as CFTC and crypto debate accelerates across trading circles. Market demand for onchain derivatives increases pressure on CFTC rulemaking choices. Posts from Pedersen and Chervinsky frame the vote as a key policy inflection point. Retail access concerns sharpen industry focus on upcoming Senate floor action. The Senate Agriculture Committee advanced [...] The post Senate Committee Moves Selig Nomination Forward as Debate Over CFTC and Crypto Intensifies appeared first on Blockonomi.

Senate Committee Moves Selig Nomination Forward as Debate Over CFTC and Crypto Intensifies

Author: Blockonomi
Source: Blockonomi
2025/11/22 13:11
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

TLDR:

  • Senate committee advances Selig as CFTC and crypto debate accelerates across trading circles.
  • Market demand for onchain derivatives increases pressure on CFTC rulemaking choices.
  • Posts from Pedersen and Chervinsky frame the vote as a key policy inflection point.
  • Retail access concerns sharpen industry focus on upcoming Senate floor action.

The Senate Agriculture Committee advanced Mike Selig’s nomination for CFTC Chair on a tight 12–11 vote. No Democrats supported the move, according to reporter Brendan Pedersen. 

The nomination now heads to the Senate floor for a broader decision. The shift comes as the debate over CFTC and crypto gains new urgency across the market.

CFTC and Crypto Policy Moves Into Focus

The committee’s vote sparked immediate industry attention as traders watched how the next chair might approach rulemaking. According to posts from Pedersen, the close margin underscored the political divide around the agency’s direction. 

Market participants tracked the development because CFTC and crypto policy remains unsettled. The nomination signaled a potential turning point for rule changes tied to onchain activity.

Commentary from Jake Chervinsky added context on why the agency matters for current demand. He noted that many widely used products fall under CFTC oversight due to their derivatives structure. 

He also pointed out that most platforms geofence the United States because they cannot meet the Commodity Exchange Act. His remarks framed the agency as a central force in shaping how crypto derivatives reach users.

Chervinsky stressed that penalties for violations can be severe, which keeps many developers cautious. His analysis connected compliance gaps to the limited availability of certain services in the United States. 

He said the CFTC could address these gaps through updated rules aligned with onchain systems. His comments suggested the chair’s stance could influence the next phase for CFTC and crypto policy.

He also referenced tension between innovation goals and TradFi influence. He described a regulatory environment where established institutions hold considerable sway. 

His remarks presented the upcoming decision as a test for long-term market structure changes. Market watchers followed his thread as the Senate prepared its next step.

Derivatives Demand Sharpens Pressure on Lawmakers

Industry discussions highlighted strong retail interest in products tied to onchain platforms. Chervinsky said the agency’s mandate does not require blocking newer systems that address core risks with updated tech. 

Moreover, his framing linked CFTC and crypto to broader market access debates. The narrative resonated across trading circles seeking clearer guidance.

His posts also pointed to taxpayers showing high demand for regulated market access. 

Chervinsky argued that improved rules could support competition among platforms using onchain mechanisms. His view illustrated why the nomination attracted close industry attention during the committee vote. The Senate floor decision now carries weight for policy direction.

Pedersen’s update signaled that the process could take additional time as lawmakers weigh competing priorities. 

His coverage marked the vote as the first major test in the confirmation path. Traders monitored reactions as stakeholders assessed Selig’s potential role in policy debates. The industry continued tracking each update due to its effect on CFTC and crypto alignment.

The post Senate Committee Moves Selig Nomination Forward as Debate Over CFTC and Crypto Intensifies appeared first on Blockonomi.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
Cashing In On University Patents Means Giving Up On Our Innovation Future

Cashing In On University Patents Means Giving Up On Our Innovation Future

The post Cashing In On University Patents Means Giving Up On Our Innovation Future appeared on BitcoinEthereumNews.com. “It’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress,” writes Pipes. Getty Images Washington is addicted to taxing success. Now, Commerce Secretary Howard Lutnick is floating a plan to skim half the patent earnings from inventions developed at universities with federal funding. It’s being sold as a way to shore up programs like Social Security. In reality, it’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress. Yes, taxpayer dollars support early-stage research. But the real payoff comes later—in the jobs created, cures discovered, and industries launched when universities and private industry turn those discoveries into real products. By comparison, the sums at stake in patent licensing are trivial. Universities collectively earn only about $3.6 billion annually in patent income—less than the federal government spends on Social Security in a single day. Even confiscating half would barely register against a $6 trillion federal budget. And yet the damage from such a policy would be anything but trivial. The true return on taxpayer investment isn’t in licensing checks sent to Washington, but in the downstream economic activity that federally supported research unleashes. Thanks to the bipartisan Bayh-Dole Act of 1980, universities and private industry have powerful incentives to translate early-stage discoveries into real-world products. Before Bayh-Dole, the government hoarded patents from federally funded research, and fewer than 5% were ever licensed. Once universities could own and license their own inventions, innovation exploded. The result has been one of the best returns on investment in government history. Since 1996, university research has added nearly $2 trillion to U.S. industrial output, supported 6.5 million jobs, and launched more than 19,000 startups. Those companies pay…
Share
BitcoinEthereumNews2025/09/18 03:26
Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 04:36