SEC and CFTC Forge Ahead with Crypto Rules Amid Stalled Clarity Act
The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are pushing forward with their own regulatory agendas for the crypto market, despite Congress's stalled CLARITY Act.
The two agencies have launched a joint public comment process to clarify their respective jurisdictions over digital assets, signaling that federal oversight may take shape through agency rulemaking rather than legislative action.
A former CFTC Chairman and SEC Commissioner submitted a comment letter warning that poorly designed regulatory standards could push profitable trading activity overseas. They emphasized the need for clear boundaries between securities and commodities to prevent regulatory gaps and reduce market uncertainty.