CFTC Chair Selig says Commodity Exchange Act already covers Bitcoin
- —Selig spoke at Fordham Law's Blockchain Regulatory Symposium on Oct. 5, 2026
- —CFTC issued an advance notice of proposed rulemaking for CTX and CAM
- —Proposal creates a new registration category: 'crypto asset market'
- —Safeguards include proof-of-reserves and anti-manipulation measures
Why it matters: The CFTC is asserting its authority over crypto after the Senate's CLARITY Act failed on a 49-50 cloture vote, setting rules for leveraged venues in the US.
Source: Crypto Briefing