CFTC Chairman Selig says he is disappointed in Congress over stalled crypto bill

CFTC Chairman Selig says he is disappointed in Congress over stalled crypto bill

After the CLARITY Act fell one vote short in the Senate, the CFTC is moving ahead with its own rules for leveraged crypto trading

By John Chen | Oct. 10, 2026

The top US derivatives regulator is publicly frustrated with Congress. On October 5, 2026, Commodity Futures Trading Commission Chairman Michael S. Selig said he was disappointed that lawmakers failed to advance the CLARITY Act. The bill was meant to settle a long-running question in crypto policy: which federal agency is actually