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CFTC chairman examines risks of limiting precious metals vaults to NYC area.
CFTC Chairman Michael Selig testified before Congress on April 16, 2026, acknowledging concerns about the geographic concentration of precious metals depositories.
Critics argue that limiting vaults to a 150-mile radius of New York City creates national security and market stability risks.
In response, the CFTC is examining these risks and collaborating on the SILVER Act to expand eligible vault locations and improve market resilience.
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El presidente de CFTC examina los riesgos de limitar las bóvedas de metales preciosos al área de Nueva York.