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Crypto Market Structure Shift: CFTC Signals It Will Move Alone
The CFTC plans to advance digital asset rules without waiting for Congress. Chairman Selig said proposals are ready. The move would set federal rules for spot digital commodity trading while the CLARITY Act stalls.
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The U.S. Commodity Futures Trading Commission plans to advance digital asset rules without waiting for Congress. Chairman Michael Selig said the agency already has proposals ready for crypto market structure oversight. The move comes as the CLARITY Act, which would give the CFTC explicit authority over spot digital commodity markets, remains under Senate review.
Selig said on Aug. 4 that the CFTC can act under its current authority. The agency has prepared proposals focused on clearer rules and consumer protection for digital asset activity.
He also supports a single federal system instead of separate state rules. Crypto trading platforms serving users nationwide face higher costs when each state applies different requirements, Selig said. The CFTC wants a more consistent approach, he added.
The CLARITY Act, or H.R. 3633, passed the House in 2025. Senate negotiations remain unfinished, including talks linked to stablecoins.