CFTC chief Michael Selig is moving fast on crypto regulation, ordering staff to draft protections for developers and other policies—even as Congress stalls on the key Digital Asset Market Clarity Act. With bipartisan agreement elusive and Senate votes stalled until September, Selig warns the CFTC will step in with its own rules if lawmakers fail. His push comes amid high-stakes lobbying from crypto leaders, including a recent meeting with former President Trump, while Democrats raise ethical concerns over Trump family crypto investments. Meanwhile, the SEC is also rolling out its own regulatory framework, including a safe harbor for certain tokens. With Selig as the only Senate-confirmed CFTC commissioner, his proactive stance signals a major shift toward agency-driven clarity in an industry waiting for definitive rules.
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