The CFTC will seek to join the SEC's "commonsense crypto asset taxonomy" to make it clear that digital commodities, collectibles and tools aren't securities. In his first public remarks on the job, Selig said Thursday's event marked "the beginning of a new chapter for the CFTC." He said the CFTC's work known as its "crypto sprint" will become a partnership in Project Crypto. "Looking ahead, and in the spirit of markets that trade on expectations, I have directed CFTC staff to move forward with drafting an event contracts rulemaking," Selig said. UPDATE (January 29, 2025, 19:44 UTC): Adds comments from CFTC Chairman Selig.