CFTC and SEC Vow to Regulate Crypto Without Congressional Help
The Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) are pushing ahead with regulating crypto assets, despite the Senate's failure to advance the Clarity Act.
CFTC Chair Mike Selig stated that his agency is 'locked in and ready to ship its rules for the new frontier of finance,' and will help President Donald Trump deliver a crypto regulatory framework using their existing statutory authorities.
SEC Chairman Paul Atkins echoed this commitment, thanking those who had worked on the bill across government and the industry, and stating that the SEC will 'act decisively within the SEC's statutory authority to deliver certainty for American investors and for the entrepreneurs shaping our technological future.'