Trump’s new CFTC chair vows sweeping overhaul of decades-old rules

In his first month as chair of the U.S. Commodity Futures Trading Commission (CFTC), Michael S. Selig announced a sweeping modernization plan for the commodity regulator. In a column published on The Washington Post on Jan. 20, Selig said the CFTC is “charting a new course” through a “Future Proof” initiative designed to update outdated rules that still reflect the agency’s agricultural roots. “While decades-old rules designed for agricultural futures contracts may still suit those markets today, they do ...