CFTC Chairman Selig says the Commodity Exchange Act already works for Bitcoin

CFTC Chairman Selig said the Commodity Exchange Act already provides a workable framework for Bitcoin, arguing that the existing law can accommodate the asset without a new statutory regime. His position signals continuity in federal commodities oversight rather than a fundamental change to Bitcoin’s regulatory status. The practical implications will depend on how the CFTC applies its existing authority and how courts interpret the law.