CFTC WILL ACT ON CRYPTO REGARDLESS OF CLARITY BILL
CFTC Chair Brian Selig announced the agency will invoke its existing statutory authorities to establish a crypto asset markets regulatory regime if the CLARITY Act continues to stall due to Democratic opposition in Congress. The statement positions the CFTC to set market structure rules unilaterally, bypassing the legislative process rather than waiting on comprehensive crypto legislation. Coinbase CEO Brian Armstrong said crypto regulatory clarity will arrive through one of two paths: a Senate bill requiring 60+ votes on September 15, or new CFTC and SEC rules on September 16.