CFTC chair vows to ‘move swiftly’ on crypto rules if Congress fails to pass legislation

Summary

The head of the Commodity Futures Trading Commission (CFTC) vowed Thursday to “move swiftly” on establishing rules for the cryptocurrency market if Congress fails to pass legislation on the matter this year. CFTC Chair Michael Selig said at a meeting with crypto and prediction market executives that the agency stands “ready to begin immediately implementing…