Bitcoin (CRYPTO: BTC) has proven to be one of the most “anti-fragile” assets despite repeated market shocks and government crackdowns, according to CFTC Chairman Michael Selig.
In an interview with Glenn Beck on July 8, Selig highlighted that Bitcoin has repeatedly survived major crises, including the collapse of Mt. Gox, the failure of FTX and regulatory actions under the Biden administration.
He reiterated the CFTC’s position that Bitcoin should be treated as a commodity rather than a security or currency.
“We’ve characterized it as a commodity at the CFTC. It’s just like gold or silver, oil or gas,” Selig said.
Selig also defended the Trump administration’s pro-crypto stance, saying President Donald Trump is not involved in the day-to-day management of his family’s crypto-related business interests and remains subject to federal ethics rules.
