Michael S. Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), shares his perspective on the future of American financial markets.
We are at a pivotal moment in the evolution of American financial markets. Advances in technology are enabling the creation of entirely new products, platforms, and business models, in turn transforming the financial services landscape as we know it.
This transformation is driven by innovations like blockchain and artificial intelligence, which are reshaping how financial services operate. The CFTC is entering a new era under current leadership, poised to adapt to these changes and foster a more dynamic market environment.
While some readers express skepticism about the role of these technologies, particularly regarding cryptocurrencies, the potential for growth and innovation remains significant. The conversation highlights both opportunities and challenges as the market evolves.
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