CFTC Ships Crypto Rules Without CLARITY Act: Selig
By moving through executive rulemaking rather than statute, the CFTC can draw the crypto perimeter in months, but the next administration can redraw it just as fast.
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By moving through executive rulemaking rather than statute, the CFTC can draw the crypto perimeter in months, but the next administration can redraw it just as fast.
The Oct. 20 comment window is the last formal chance to redraw a framework that decides whether US crypto ventures raise from public markets or stay offshore.
The Senate setback shifts the near-term regulatory spotlight to agency action, while the congressional route remains unresolved and no final framework has emerged.
The decision gives the President more power over independent regulators mid-rulemaking, and a former agency official is already calling the fallout unfortunate.
The agenda is a wish list, not a rule, but the placement signals where the SEC wants staff time spent: rewriting the rules that govern how crypto platforms and broker-dealers handle digital assets.