Michael Selig Calls Compute the Most Important Commodity as CFTC Seeks Comment

The Commodity Futures Trading Commission (CFTC) has requested public comment on compute derivatives contracts, its formal move toward overseeing a market that prices the computing power behind artificial intelligence.

The regulator announced the request on August 19, as the Chairman told a White House gathering that he wants the United States to dominate compute markets.

What the Agency Is Asking

The request asks about the size and liquidity of the compute cash markets. It also covers manipulation concerns, customer protection, and perpetual compute futures.

Comments will be accepted for 60 days once the notice is published in the Federal Register. The agency invited feedback on all aspects of compute markets, not just the topics it listed.

Michael Selig tied the exercise directly to competition with other countries over AI capacity.

"America cannot win the AI race without a robust derivatives market for compute…This request for comment is the first step toward establishing clear rules of the road for American compute markets," he said.

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