CFTC Chair Michael Selig just called out Congress for fumbling the CLARITY Act.

But here's the alpha: He's not waiting. CFTC will build a crypto framework using existing authority.

Translation? Regulatory clarity is coming whether Congress acts or not. This could unlock institutional liquidity that's been sitting on the sidelines.

Watch for:
• Clearer spot/derivatives rules
• More exchange compliance requirements
• Potential $BTC and $ETH product approvals

Bullish for compliant projects. Bearish for offshore degen plays that dodge US regs.

The game is shifting. Position accordingly.