CFTC to Use Existing Powers to Set Crypto Market Rules if CLARITY Act Stalls

Original sourceKryptoNews

Summary

CFTC Chair Michael Selig said the agency will use existing authority to designate certain registered and unregistered crypto exchanges as designated contract markets (DCMs) if Congress fails to pass the CLARITY Act, establishing a federal framework for leveraged and margin trading. This interim mov…

Key points

Track U.S. crypto regulatory moves; CFTC's fallback plan directly impacts exchanges and investors.
If CLARITY fails, CFTC may bypass Congress and build its own market rules, reshaping the trading landscape.
Crypto exchanges may face new federal requirements, including leverage rules, raising compliance costs.

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