[CFTC Chairman Mike Selig: Crypto Regulatory Framework Aims to Prevent FTX-Style Fraud] Odaily Planet Daily News – U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig stated that the CFTC's proposed regulatory framework for crypto assets aims to establish a federal-level regulatory system to protect exchange customers from risks such as fraud, market manipulation, and misappropriation of customer funds, thereby preventing a repeat of the FTX collapse. Mike Selig emphasized that the CFTC is working to introduce a market-based regulatory mechanism for crypto exchanges. He noted that critics opposing these measures and supporting the status quo may, objectively, benefit fraudsters, manipulators, and those misappropriating customer funds. He also warned that the lack of appropriate regulation could leave room for the next figure similar to SBF to exploit.