GoKawiilCFTC's Selig says crypto exchanges seeking to register under new agency rules
CFTC Chairman Michael Selig told CNBC that crypto exchanges, including major platforms already registered to offer derivatives, are seeking to opt into the agency's newly proposed digital asset rules to add spot trading. He said new entrants are also lining up to register with the CFTC rather than navigate separate state regulatory regimes.
GoKawiil's interpretation of the reporting above, not reported fact.
With the Clarity Act market structure bill stalled in the Senate, the CFTC appears to be using existing statutory authority to fill the regulatory gap for crypto trading, which could shape how the industry is overseen in the absence of new legislation. Selig's comments suggest the agency sees voluntary registration as a way to establish federal oversight incrementally, though it remains to be seen how comprehensive this framework will be compared to what Congress might have enacted.
- CFTC says major crypto exchanges are seeking to register for spot trading under its proposed rules.
- New entrants reportedly prefer one federal registration over complying with 50 different state regimes.
- The CFTC is using existing authority to regulate crypto after the Clarity Act failed in the Senate.
Source: cnbc.com — Talia Kaplan, 2026-11-13
Published there as: “CFTC Chair Selig tells CNBC crypto industry is embracing agency rules as legislation hopes fade”
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