October 5th 2026, 5:40 PM
Crypto Agencies Unite: CFTC Proposes Framework
Key Summary
The US Commodity Futures Trading Commission (CFTC) has joined the Securities and Exchange Commission (SEC) in proposing a crypto framework, following a failed CLARITY vote in the US Senate. CFTC Chair Michael Selig stated that the agency will regulate crypto companies using its existing statutory authorities, with or without legislation from Congress. The proposed framework, called "CTX," would give crypto companies the option to operate under CFTC umbrella or individual US states' regulations. A new category of designated contract market, or CAM, would be established, allowing certain exchanges to register for uniform national oversight.
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CFTC Chair Michael Selig's Statement
CFTC Chair Michael Selig claimed that the agency was using its “existing statutory authorities“ to address crypto regulation after Congress failed to advance a market structure bill.Background on CLARITY Vote
The CLARITY vote was a significant attempt by Congress to establish a framework for the crypto industry. However, it ultimately failed to gain traction.CFTC and SEC Joint Proposal
In response to the failed CLARITY vote, the CFTC and SEC have joined forces to propose a crypto framework that leverages their existing regulatory authorities.#SEC#CFTC#Crypto#Regulation