Michael Selig noted that they need to adapt existing markets to new technologies such as blockchain and AI. In his view, tokenization, blockchain-based financing, and 24/7 trading will bring more changes than have occurred over the previous decades.
Selig stressed that the CFTC will look for more ways to encourage the adoption of stablecoins among market participants, including exchanges. At the same time, he pointed out that the agency under Trump had already laid the groundwork for this by promoting innovation. During that period, the market capitalization of tokenized stocks grew 11-fold, from $288.2 million to $3.16 billion.