Mike Selig, the newly appointed head of the U.S. Commodity Futures Trading Commission (CFTC), has announced a strategic initiative aimed at "future-proofing" the oversight of innovative financial technologies, including cryptocurrencies. Selig's plan, revealed on Tuesday, emphasizes the development of tailored rules to foster competition and innovation in the U.S. financial markets. This initiative follows a pro-crypto campaign led by former Acting Chairman Caroline Pham. Selig's approach seeks to end "regulation by enforcement" and promote the growth of new markets with specific regulations that maintain the competitiveness of American markets. He highlighted the rapid expansion of the digital asset economy, now valued at $3 trillion, and announced the formation of an Innovation Advisory Committee to guide the CFTC's efforts. Additionally, Selig has appointed Michael Passalacqua, a seasoned crypto lawyer, to support the initiative. While Selig did not address ongoing legislative efforts in Congress to establish permanent crypto laws, he emphasized the importance of formal rulemaking to ensure lasting regulatory frameworks. His announcement signals a shift towards more structured and supportive oversight of the burgeoning digital asset sector.