‘Go time’: SEC, CFTC prepare to push crypto rules as Clarity Act stalls in Senate
60-second summary
SEC Chair Gary Gensler and CFTC Chair Mike Selig announce they are “locked in and ready to ship” new crypto regulations, while the Senate’s Clarity Act stalls, delaying broader legislative clarity. Selig promises CFTC rules targeting derivatives and market integrity, and Gensler pushes comprehensive securities oversight.
CFTC Chair Mike Selig said his agency is "locked in and ready to ship its rules for the new frontier of finance."