CFTC Chair Selig Says Agency Using Existing Authority on Crypto After CLARITY Bill Stalls

The significance here is jurisdictional: with legislation stalled, the CFTC is signalling it will regulate crypto through the powers it already holds rather than waiting for Congress, and it is doing so in parallel with the SEC's own proposed framework. That shifts the practical question from what lawmakers might write to how two agencies interpret and apply existing mandates, and whether their approaches align. Whether the CFTC's use of existing authority produces a durable framework or a patchwork that a future Congress revisits is the open question.