CFTC Chair: If Congress Continues to Delay the Clarity Act, Will Push Forward with a Regulatory Framework for the Crypto Market

Odaily Odaily News: Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that if the Clarity Act continues to be stalled by Democratic opposition, the CFTC will use its existing authority to begin building a regulatory system for the crypto asset market and has directed staff to move quickly on formal rule proposals.

Selig has instructed staff to study incorporating digital asset market structure into CFTC rules, with both existing CFTC-registered entities and currently unregistered crypto exchanges potentially falling under the regulatory scope. Rules tailored specifically for digital assets could allow leveraged and margin trading.

On Thursday, Bitcoin ETFs saw net inflows of $606 million, the highest single-day total since May 1; Ethereum ETFs recorded net inflows of $219 million, the highest since September 2025. Over the past 24 hours, short liquidations in the crypto market exceeded $1.2 billion, approaching $5 billion over the past two days. (Decrypt)