Wu Blockchain (@WuBlockchain): CFTC Chair: Crypto Market Structure Rules Will Come Regardless of Clarity Act Outcome

CFTC Chair: Crypto Market Structure Rules Will Come Regardless of Clarity Act Outcome CFTC Chairman Michael Selig said the crypto industry will receive market structure rules even if Congress fails to pass the Clarity Act. Selig said the agency is evaluating potential crypto regulations and has the authority under existing laws to establish rules if legislative efforts stall. The Clarity Act, which could give the CFTC primary oversight of digital assets, has faced delays in the Senate over disputes surrounding ethics provisions. The agency is also working to finalize rules for prediction market event contracts and has launched a public consultation on “compute” futures tied to AI infrastructure. Selig said the CFTC is coordinating with the Commerce Department on standards for AI compute futures to ensure only appropriate products enter the market.