CFTC Chairman Selig says agency is "locked in and ready to ship" crypto rules without Congress after CLARITY Act stalls in Senate

CFTC Chairman Mike Selig said the agency is "locked in and ready to ship its rules for the new frontier of finance," calling the Senate's failure to advance the CLARITY Act "unfortunate," and said it will deliver crypto rules under existing authority without Congress. CFTC staff are already exploring the framework under those existing powers, and the crypto industry has pointed to the SEC and CFTC as able to continue writing rules, though statutes offer more permanence than agency guidance.

Detected & updated continuously · Source: Nebula