CFTC Chairman: If Congress Continues to Shelve the Clarity Act, Will Push Forward with Crypto Market Regulatory Framework

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 obstruction, the CFTC will use its existing authority to begin establishing a regulatory framework for the crypto asset market and has instructed staff to expedite formal rule proposals.

Selig has asked 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 regulatory scope. Rules tailored specifically for digital assets could allow leverage and margin trading.

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