U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selick attended a congressional hearing and stated that he would not wait for additional commissioner appointments to enact regulations related to cryptocurrencies and prediction markets. According to Cointelegraph, he added, "We cannot delay enacting regulations for the American people. Protecting investors and consumers and establishing market safeguards are very important. I cannot promise not to fulfill the duties the President has entrusted to me."