CFTC Chairman Selig expresses disappointment in Congress over crypto bill
by@Kalshi
Summary
CFTC Chairman Michael Selig expressed his disappointment in Congress for failing to pass a comprehensive crypto bill, highlighting the agency's urgent need for regulatory standards in the digital asset market. His remarks come in the wake of proposed rules aimed at establishing oversight for crypto markets, reflecting the growing concern over the lack of durable regulations amid stalled legislative efforts, such as the Clarity Act.
Analysis
CFTC: The Commodity Futures Trading Commission is the primary U.S. federal agency responsible for regulating derivatives markets, including futures, options, and swaps, with growing oversight of digital asset and prediction market activities. Chairman Michael S. Selig leads the agency and has publicly expressed frustration with legislative inaction on crypto market structure. In the current news, the CFTC under Selig is actively advancing regulatory frameworks for crypto in the absence of new congressional legislation. Regulation: CFTC Chairman Michael Selig has outlined new proposed rules to establish oversight for crypto markets following congressional inaction on comprehensive legislation. Legislation: Recent CFTC actions emphasize the need for durable regulatory standards in digital assets and event contracts amid stalled efforts on bills like the Clarity Act.
Categories
cryptopoliticstech
Related sources
- https://www.cftc.gov/PressRoom/PressReleases/9164-25
- https://en.wikipedia.org/wiki/Rostin_Behnam
- https://www.cryptoinamerica.com/p/where-does-risk-management-end-and
- https://www.cftc.gov/PressRoom/SpeechesTestimony/MichaelSelig/index.htm
- https://www.cnbc.com/video/2026/10/06/watch-cnbcs-full-interview-with-cftf-chairman-michael-selig.html
- https://www.cftc.gov/About/Commissioners/MichaelSelig/index.htm
- https://www.cftc.gov/PressRoom/IntheNews/index.htm
- https://stg-www.weex.tech/news/detail/former-cftc-chairman-calls-for-clear-crypto-spot-market-regulations-qd5k68bb0uz1hv5ncx8kfiy6
- https://en.wikipedia.org/wiki/Michael_S._Selig
- https://www.fia.org/marketvoice/articles/cftc-chief-defends-oversight-congress-presses-insider-trading-risks