[U.S. CFTC Chairman Michael Selig Launches Future Proof Initiative to Upgrade Crypto Regulation] Odaily Planet Daily News – U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig published an article in the Washington Post stating that the CFTC is charting a new course and has announced the launch of a new initiative called Future Proof, aimed at modernizing the regulatory approach to digital assets. Michael Selig emphasized that the derivatives regulatory agency needs an upgrade and plans to conduct a comprehensive review of existing rules, with the goal of adopting what he described as the 'minimum effective dose' of regulation. Michael Selig pointed out that decades-old rules designed for agricultural futures contracts are not suitable for emerging products or trading venues. Just as U.S. companies have modernized traditional financial systems by leveraging new technologies, the CFTC must upgrade its approach to unlock innovation. Appointed by Donald Trump, Michael Selig took office last month. He stated that if Congress passes legislation on digital asset market structure, the CFTC will take on extensive new responsibilities and ensure that these markets thrive domestically through a tailored regulatory framework, maintaining the U.S. market's leadership position. Currently, lawmakers are debating a bill to expand the CFTC's jurisdiction over the digital asset industry. (The Block)