CFTC Chairman Michael Selig confirmed that cryptocurrency exchanges are actively seeking to participate in the agency's new digital asset regulatory framework proposed in October. The voluntary opt-in model allows CFTC-registered exchanges to offer margin, leverage, and financing-based crypto trading services under federal oversight. Selig noted that some new market entrants are pursuing federal registration specifically to avoid the burden of applying for licenses state-by-state. With legislative progress on comprehensive crypto regulation stalling, Selig emphasized that the CFTC will continue advancing its regulatory agenda through rulemaking rather than waiting for congressional action.