CFTC Chair cites Bitcoin, Ether, Solana, Stellar, Tezos, and XRP as digital commodities

CFTC: The Commodity Futures Trading Commission is the primary U.S. federal regulator for derivatives and commodity markets. Under current leadership, it has used its existing statutory authority to advance crypto-specific rulemaking. In October 2026, the agency proposed Regulation CTX and Regulation CAM to establish a federal framework for leveraged retail crypto trading via a new 'crypto asset market' registration category. Michael Selig: Michael Selig serves as Chairman of the CFTC. He has prioritized developing clear regulatory pathways for crypto assets under existing law following the stalled Clarity Act. In October 2026, Selig led the announcement of proposed rules on crypto transactions and markets while referencing the joint CFTC-SEC taxonomy that classifies certain assets as digital commodities. Taxonomy: The CFTC and SEC have issued a joint crypto asset taxonomy that lists BTC, ETH, SOL, XLM, XTZ, and XRP as examples of digital commodities. Regulation: The CFTC advanced an advance notice of proposed rulemaking for Regulation CTX and Regulation CAM to create a tailored federal oversight structure for certain leveraged crypto trading activities. Policy Approach: The CFTC is exploring regulatory treatment for software developers who publish code without engaging in solicitation, order taking, execution control, or asset custody.