CFTC Chair Selig confirms market structure rules for crypto will proceed with or without Clarity Act passage, and the agency is developing standards for AI compute futures.
Regulation & Gov ·
CFTC Chair Michael Selig indicated that the regulator will implement market structure rules for crypto assets independent of whether Congress passes the Clarity Act, citing the agency's existing legal authority to act if legislative efforts falter. The Senate has delayed the Clarity Act due to disagreements over ethics provisions, though the legislation could grant the CFTC primary jurisdiction over digital assets. Beyond crypto rules, the CFTC is finalizing prediction market event contract standards and consulting publicly on AI compute futures, with coordination involving the Commerce Department to establish appropriate product standards.