TechFlame News: Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated in an article published in The Washington Post 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 for digital assets. Michael Selig emphasized that the derivatives regulatory framework needs an upgrade, with plans for a comprehensive review of existing rules, targeting the adoption of what he described as a "minimum effective dose" of regulation. He pointed out that rules designed decades ago for agricultural futures contracts are not suitable for emerging products or trading venues. Just as American businesses are modernizing traditional financial systems by leveraging new technologies, the CFTC must upgrade its methods to foster innovation. Appointed by Donald Trump and taking office last month, Michael Selig noted that if Congress passes digital asset market structure legislation, the CFTC will assume broad new responsibilities. It will ensure these markets thrive domestically through tailored regulatory frameworks, maintaining the leading position of U.S. markets. Currently, lawmakers are debating bills to expand the CFTC’s jurisdiction over the digital asset industry.