Michael Selig, chair of the US Commodity Futures Trading Commission (CFTC), said the agency will soon address how to handle perpetual futures contracts for cryptocurrencies.

In a Tuesday panel hosted by the Milken Institute in Washington, DC, Selig said that the CFTC was working toward getting “true perpetual futures” in the United States “within the next month or so.”

The CFTC chair is currently the only Senate-confirmed commissioner, with no indication as of Tuesday that US President Donald Trump will nominate anyone to fill any of the agency’s four vacant commissioner slots.

“The prior administration drove a lot of these firms and the liquidity offshore,” said Selig in a panel discussion with SEC Chair Paul Atkins.

Selig…