CFTC Chair: Markets Need to Prepare for Mass Tokenization CFTC Chairman Michael Selig spoke at the US Treasury Market Conference organized by the Federal Reserve Bank of New York, warning regulators to prepare markets for three shifts at once: mass tokenization, onchain finance, and 24/7 trading "The next decade will likely bring more change to financial markets than the previous several decades combined," Selig said What has already been done: in February 2026, the CFTC expanded the list of acceptable collateral to include stablecoins issued by national trust banks and requested public comment on 24/7 trading for energy derivatives The agency intends to further encourage the use of stablecoins by market participants, exchanges, and clearinghouses Crypto legislation is "stuck" in the Senate, so the CFTC and SEC are pushing the agenda forward on their own.