Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced the launch of a new initiative called 'Future Proof,' aimed at conducting a comprehensive review of existing regulatory rules to adapt to emerging markets like crypto assets. Selig stated that the CFTC will adopt a 'minimum effective regulatory intensity' principle, acknowledging that rules designed for traditional futures are insufficient to cover new digital assets and trading platforms. He mentioned that if Congress passes legislation on digital asset market structure and expands the CFTC's authority, the agency is ready to take on more crypto regulatory responsibilities. The initiative also includes the rapidly growing prediction markets in recent years, with more policy adjustments to be announced in the coming days. (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55405