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CFTC Chairman Defends Leadership Amid Bipartisan Criticism

4/17/2026

Summary

Story summary

Michael Selig, Chairman of the Commodity Futures Trading Commission, testified before the House Agriculture Committee and affirmed his commitment to advancing financial regulations.
Democrats criticized his leadership as undermining bipartisan structure.
He defended independence amid allegations of favoritism linked to the Trump administration's influence on prediction markets.
He urged ongoing rulemaking to protect investors and consumers and said the agency is addressing staffing challenges with new technologies.

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Story summary

Michael Selig, Chairman of the Commodity Futures Trading Commission, testified before the House Agriculture Committee and affirmed his commitment to advancing financial regulations.
Democrats criticized his leadership as undermining bipartisan structure.
He defended independence amid allegations of favoritism linked to the Trump administration's influence on prediction markets.
He urged ongoing rulemaking to protect investors and consumers and said the agency is addressing staffing challenges with new technologies.