U.S. Commodity Futures Trading Commission Chair Michael Selig said that “America is now the crypto capital of the world” during a Monday speech at the FIA’s annual industry conference, reiterating a series of regulatory initiatives aimed at providing clarity for crypto market participants after years of enforcement-led oversight.

Speaking before an audience of futures industry executives at the Boca Raton Hotel, Selig said the U.S. is “at the beginning of another great wave of innovation, as markets continue to digitize and crypto assets become mainstream.” 

The CFTC chair pointed to the adoption of blockchain technologies, crypto assets and smart contracts as forces introducing new methods for trading, clearing, settling and…