#CFTCChairCryptoPlan CFTC chair highlights wide crypto agenda, including rules on DeFi, prediction markets.Commodity Futures Trading Commission chief Michael Selig updated his progress on guidance for DeFi developers, crypto derivatives and prediction markets.CFTC Chairman Mike Selig said the United States is reclaiming leadership in digital assets, unveiling a joint "Project Crypto" initiative with the SEC to end turf battles and coordinate oversight.

Selig announced that the CFTC will issue guidance and has begun rulemaking on prediction markets, asserting the agency’s authority over event contracts as they grow into a major venue for trading on elections and real-world outcomes.Selig said the U.S. is reclaiming leadership in digital assets through closer coordination between regulators. He said he and the Securities and Exchange Commission (SEC) Chairman Paul Atkins have put an “end to the days of CFTC-SEC infighting by partnering on the Project Crypto initiative.”

Selig said that because “market participants deserve clarity” the agency intends to assert a more active role in regulating these markets and defending its authority over them amid ongoing legal challenges from several U.S. states. He repeated his sentiment from last month that the CFTC must be seen as the regulator for these markets, and he "will continue to assess litigation strategies to make sure the agency’s voice is heard."