On 20 August 2026, CFTC Chairman Michael Selig announced the commission will establish cryptocurrency market structure rules unilaterally if Congress fails to pass the Clarity Act. Selig committed to moving swiftly with regulatory clarity despite legislative delays.
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The crypto industry will get market structure rules even if Congress fails to pass landmark legislation, the head of the Commodity Futures Trading Commission said Thursday.
Commodity Futures Trading Commission Chairman Michael Selig says the crypto industry will get market structure rules even if Congress does not pass the so-called Clarity Act. Selig says he's optimistic the bill will pass, but regulators are ready to act if it doesn't. He speaks to Bloomberg's Tyler Kendall. (Source: Bloomberg)
The head of the Commodity Futures Trading Commission (CFTC) vowed Thursday to “move swiftly” on establishing rules for the cryptocurrency market if Congress fails to pass legislation on the matter this year. CFTC Chair Michael Selig said at a meeting with crypto and prediction market executives that the agency stands “ready to begin immediately implementing...