CFTC Draws Crypto Exchanges to New Rules After Clarity Act Stalls in Senate
Updated
Updated · CNBC · Nov 13
CFTC Draws Crypto Exchanges to New Rules After Clarity Act Stalls in Senate
3 articles · Updated · CNBC · Nov 13
Summary
Major crypto exchanges are already signaling plans to opt into the CFTC’s proposed digital-asset regime, Chairman Michael Selig said, allowing some platforms that already offer derivatives to add spot trading under federal oversight.
October’s proposal was launched after the Clarity Act failed in the Senate in September, pushing the CFTC and SEC to build crypto frameworks from existing statutory authority instead of waiting for new legislation.
New entrants are also seeking CFTC registration, Selig said, because a single federal license is more attractive than navigating 50 separate state regimes.
That opt-in framework could face tougher scrutiny in 2027, when Democrats are set to control both chambers, adding to pressure Selig already faces over prediction markets and the agency’s fights with states.