CFTC Prepares for Clarity Act Stall with Proposed Crypto Rules

U.S. Commodity Futures Trading Commission Chairman Michael Selig has directed agency staff to begin crafting rules for the crypto market in case a pending piece of legislation, the Clarity Act, stalls.

Selig made this announcement on August 20, 2026, stating that he wants to ensure regulatory clarity in the space even if lawmakers fail to act.

The Clarity Act aims to provide a clear framework for crypto market structure, but its progress has been slow. Selig's decision to draft rules is a precautionary measure to avoid any potential gaps or confusion in regulations.