The Commodity Futures Trading Commission (CFTC) Chairman Mike Selig has announced the launch of a new initiative called "Future Proof" aimed at overhauling existing regulatory frameworks to better accommodate emerging markets like crypto assets. Selig emphasized the adoption of a "minimum effective regulatory intensity" approach, acknowledging that current rules designed for traditional futures are inadequate for new digital assets and trading platforms. He also stated that the CFTC is prepared to take on more crypto regulatory responsibilities if Congress passes legislation to expand its authority over digital asset market structures. The initiative will also address the rapidly growing prediction markets, with further policy adjustments expected to be announced in the coming days.