US CFTC Chair Selig’s latest remarks have given the market a much-needed reassurance: regardless of whether the “Clarity Act” can get through Congress, the crypto industry will ultimately have clear market-structure regulatory rules. “Whether it’s through legislation or by setting rules, the regulatory framework will definitely be implemented.”
A few key points are worth highlighting:
1. The CFTC is already “prepared for two scenarios.” Selig clearly stated that even without congressional authorization, institutions still have substantial power under existing regulations to set rules themselves. Legislation is the “most reliable” route, but it’s not the only one.
2. The “Clarity Act” is still stuck in a Senate deadlock. Procedural votes are planned for mid-September, but the level of controversy is significant. Combined with the time window around the November midterm elections, passing legislation remains highly challenging.
3. Inside the CFTC, it has already been weighing a range of crypto-related rules, but for now it is holding off—waiting for clarity from the legislative side.
From the market perspective, this means regulatory uncertainty is shifting from “whether it will regulate” to “how it will regulate.” In the short term, delays in legislation may allow some projects to continue operating in gray areas. But in the long run, whether the industry moves via the legislative route or through CFTC-crafted rules, the trend toward compliance is irreversible.
For practitioners, the “shoe dropping” is just a matter of time. Laying the groundwork for compliance sooner is more advantageous.
#CFTC #加密监管 #ClarityAct
A few key points are worth highlighting:
1. The CFTC is already “prepared for two scenarios.” Selig clearly stated that even without congressional authorization, institutions still have substantial power under existing regulations to set rules themselves. Legislation is the “most reliable” route, but it’s not the only one.
2. The “Clarity Act” is still stuck in a Senate deadlock. Procedural votes are planned for mid-September, but the level of controversy is significant. Combined with the time window around the November midterm elections, passing legislation remains highly challenging.
3. Inside the CFTC, it has already been weighing a range of crypto-related rules, but for now it is holding off—waiting for clarity from the legislative side.
From the market perspective, this means regulatory uncertainty is shifting from “whether it will regulate” to “how it will regulate.” In the short term, delays in legislation may allow some projects to continue operating in gray areas. But in the long run, whether the industry moves via the legislative route or through CFTC-crafted rules, the trend toward compliance is irreversible.
For practitioners, the “shoe dropping” is just a matter of time. Laying the groundwork for compliance sooner is more advantageous.
#CFTC #加密监管 #ClarityAct