Techub News reports that Mike Selig, the chairman of the CFTC, said the agency is prepared to introduce regulatory measures in the event that the CLARITY Act is not passed. The statement was relayed by @cryptorover in a post. Selig's comments set out a fallback position for the Commodity Futures Trading Commission during a legislative stalemate. The CLARITY Act is meant to clarify the U.S. framework for crypto regulation and to define the boundary between SEC authority and CFTC authority over digital assets. That jurisdictional split is at the core of the proposal. If Congress does not pass the bill, Selig indicated, the CFTC would be ready to act through its own rulemaking process. The public disclosure shows the regulator has a backup plan rather than a wait-and-see approach. It also makes explicit that the agency is considering next steps independently of the legislative calendar. The remarks came in a post from @cryptorover and were reported by Techub News.
CFTC Chairman Mike Selig said the agency will prepare regulatory measures if the CLARITY Act fails to pass, according to a post by @cryptorover that was carried by Techub News.
The CLARITY Act is intended to clarify the U.S. crypto regulatory framework and define where the SEC's authority over digital assets ends and where the CFTC's authority begins.
Selig's comment points to a fallback plan at the regulator if the legislative effort stalls.
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