CFTC Proposes Crypto Framework Amidst Legislative Stalemate
The Commodity Futures Trading Commission (CFTC) will proceed with developing a cryptocurrency regulatory framework, even without congressional legislation, as directed by President Donald Trump. This initiative follows a failed CLARITY vote.
US Commodity Futures Trading Commission Chair Michael Selig said the agency will move forward on crypto regulation at the direction of President Donald Trump “with or without legislation” from Congress. Speaking at the Fordham Law Blockchain Regulatory Symposium on Monday, Selig said the CFTC will continue work on the framework despite the legislative stalemate.