CFTC readies crypto market rules if CLARITY stalls

⚡ Executive Digest (3-Minute Breakdown)

• What Happened: CFTC Chairman Michael S. Selig said the agency will craft its own crypto asset market regime under existing authority if Congress fails to pass the CLARITY Act, outlining plans in Washington, D.C. remarks. The CLARITY Act’s prospects have dimmed after the Senate adjourned for its August recess without a vote. A September 15 cloture vote will determine whether the digital asset legislation continues advancing. Selig urged industry leaders to lobby for the bill while preparing for unilateral CFTC rulemaking. Parallel discussions include Trump administration meetings with crypto executives and the SEC chair’s pledge to act if Congress stalls.
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