All-In with Chamath, Jason, Sacks & Friedberg Rewriting the Rules: The SEC & CFTC on Crypto, IPOs & the Future of American Markets
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Mar 11, 2026 
Michael Selig, Chair of the CFTC, focused on crypto clarity and modernizing on-chain and derivatives rules. Paul Atkins, former SEC Commissioner, now SEC Chair, pushing IPO reform and adapting securities law for digital assets. They discuss harmonizing SEC/CFTC approaches, crypto classification, IPO drought fixes, AI trading risks, prediction markets, accredited investor reform, and simplifying swap and reporting rules.
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Require Exchange Certification For Prediction Contracts
- Exchanges must certify prediction‑market contracts aren’t readily susceptible to insider trading or manipulation before listing.
- Michael Selig stressed exchange self‑certification and enforcement when insiders exploit event‑tied contracts, citing Kalshi and MrBeast examples.
Reassessing Quarterly Reporting Cadence
- The SEC will seek comment on reporting cadence; historical precedent shows shifts from annual to quarterly and back to semiannual.
- Paul Atkins is agnostic but flags smaller companies and analyst coverage as factors in deciding cadence changes.
Create A Knowledge Based Accredited Standard
- Redefine accredited investor using knowledge or testing (e.g., a lighter Series exam or CFA/CPA recognition) to democratize private market access.
- Paul Atkins plans a proposed rule to replace wealth‑only tests with knowledge/sophistication measures.