CFTC eyes crypto rules as CLARITY Act stalls – Here’s the plan!

The U.S. Commodity Futures Trading Commission (CFTC) is figuring out a different way to get around Congress's failure to pass the CLARITY Act during its September vote. According to CFTC Chairman Michael Selig, the organization is planning to bring more of the U.S. crypto market under a single federal regulatory framework. Selig believes the agency can use its existing authority to introduce new rules for crypto exchanges, expand access to leveraged trading, and reduce the regulatory confusion caused by different state laws. Speaking in a recent interview with David Hoffman of Bankless, Selig noted, Regulatory certainty in crypto markets shouldn’t come with an expiration date. He added, We can get clear rules of the road in place using our existing authority. We want to do it across party lines.

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