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<img src="https://xpertsstudio.com/wp-content/uploads/2026/08/image-74.jpg" alt="CFTC Chair Michael Selig Says Agency Will Write <a href="https://xpertsstudio.com/crypto-fear-and-greed-index-hits-62-after-1-44b-in-shorts-are-wiped-out/” title=”Crypto Fear and Greed Index hits 62 after $1.44B in shorts are wiped out”>Crypto Rules If CLARITY Act Fails” loading=”lazy”>
CFTC Chair Michael Selig Says Agency Will Write Crypto Rules If CLARITY Act Fails
20 August, 2026.Crypto.17 sources
Developing · updated 6m ago · 17 outlets
CFTC will proceed with crypto regulation using existing authority if CLARITY Act stalls. Selig directed staff to develop market-structure rules, including exchanges and leveraged trading.
17 outlets1 divide1 fact unevenly coveredseverity 2/10
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Beat 2 · The divide, quote v quote
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Full story
CFTC moves if CLARITY stalls
US Commodity Futures Trading Commission (CFTC) Chair Michael Selig said at the agency’s inaugural Innovation Advisory Committee meeting that crypto regulation is not “waiting on Washington” to catch up, even as lawmakers debate the Digital Asset Market Clarity (CLARITY) Act.
“crypto regulation is not “waiting on Washington” to catch up”
KuCoin
Selig said CFTC staff had already been directed to permit both registered and non-registered entities to provide “crypto asset trading on a leveraged or margined basis,” and to explore protections for developers.
He framed the approach as giving CLARITY “breathing room” for a vote, but accelerating implementation if Congress fails to send what he described as a fair, bipartisan bill to the White House.
The legislative timeline described in the coverage ties CLARITY to a planned Senate cloture vote expected when the chamber returns in September, with the bill needing 60 votes to pass the Senate and then returning to the House for approval before reaching President Donald Trump’s desk.
In parallel, the CFTC’s agenda included prediction markets, with Selig reiterating the agency’s view of “exclusive jurisdiction” tied to event contracts.
Quotes, ethics fight, and SEC
Selig told the Innovation Advisory Committee that “We’re going to give CLARITY its breathing room for a vote,” but if Democrats cannot support a bipartisan work product and send a fair version to the President’s desk, he said he would direct CFTC staff to “move swiftly to propose these new rules for the industry.”
The CLARITY Act is described as effectively paused until the US Senate returns in September, when Majority Leader John Thune is expected to hold a cloture vote, and the bill would need 60 votes to pass the chamber and return to the House.
The dispute centers on ethics and conflict-of-interest provisions, with coverage noting that Democrats have been calling for stronger ethics provision specifically to address the Trump family’s crypto investments, which netted the president $1.4 billion in 2025.
While the CFTC signals regulatory action if Congress stalls, the Securities and Exchange Commission (SEC) released proposed rules for digital asset regulation, including a safe harbor approach from tokens being treated as “investment contracts.”
SEC Chair Paul Atkins said in a prepared statement, “Advancing this regulatory framework is a key element in our strategy to advance the rule books for the modern era,” as the SEC proposal proceeds while CLARITY remains stalled through mid-September.
Market stakes and consumer protection
Beyond the legislative fight, the coverage links the CLARITY push to market expectations, saying cryptocurrency-related stocks surged on Thursday after the US Treasury Department said it would support more long-duration bonds and as Trump urged Congress to pass legislation establishing clear rules for digital assets.
Reuters reported that bitcoin was last up 3.48% at $71,505 and had crossed the $70,000 mark for the first time since June, while ether gained 2.46% and was last trading at $2,272.
In the consumer-protection debate, Coinbase CEO Brian Armstrong told CBS News that “The current status quo today is that there isn’t much clarity about what the rules are,” and said the bill “creates lots of consumer protections.”
Armstrong argued that the CLARITY Act would broaden consumer protections and prevent a repeat of the FTX fallout, and he said it would give “strong tools for law enforcement to go after illicit activity.”
The stakes described in the coverage extend to regulatory jurisdiction, with the CLARITY Act described as clarifying whether cryptocurrency qualifies as a security or a commodity and dividing oversight between the SEC and the CFTC, while noting that without legislation regulations are vulnerable to shifting political winds and court challenges.
Story read · 17 outlets · 1 disagreement · 1 fact unevenly covered
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The divide
How each outlet frames it
Every outlet we compared, the headline it ran, and a link to the original article.
Other
SEC proposes crypto rules amid Clarity stall
Read the original →
Bitcoin Foundation
White House Crypto Meeting: Trump Pushes Clarity Act as Bitcoin Above $70K
CFTC Chair: Regulation Will Proceed If CLARITY Bill Fails
SEC Proposes Regulation Crypto Assets
SEC’s Regulation Crypto Assets Is a Major Step Toward Clarity
Asian
CFTC’s Quintenz Says Agency Will Write Crypto Rules if CLARITY Act Fails
Read the original →
Vietnam.vn
The U.S. President urges Congress to pass a bill regulating cryptocurrency.
Western Mainstream
Coinbase CEO says CLARITY Act will protect crypto users from another FTX collapse
Read the original →
Fox Business
Trump crypto meeting signals US ‘not going to slow down’ in bid for digital asset dominance, expert says
Crypto shares climb after Treasury’s doubled buybacks boost risk assets
Read the original →
The Hill
CFTC chair vows to ‘move swiftly’ on crypto rules if Congress fails to pass legislation
Western Alternative
CFTC chair says agency will move forward on crypto regulation if CLARITY fails
Read the original →
Cryptonews.net
CFTC Chair Readies Crypto Rules If Congress Fails to Pass Clarity Act
Read the original →
FxNewsToday.ae
Clarity and Digital Assets: How is Trump pushing Congress to pass legislation regulating cryptocurrencies?
Read the original →
TradingView
The president of the CFTC says the agency will move forward with cryptocurrency regulation if CLARITY fails
Local Western
Trump urges Congress to pass the Clarity Act to establish rules for cryptocurrency
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Source: newscord.org