CFTC to implement crypto exchange regulations without Clarity Act

CFTC Chairman Mike Selig has announced that the agency will proceed with implementing market-based regulations for crypto exchanges without waiting for the Clarity Act. This development follows the Senate’s failure to advance the Clarity Act, which was intended to provide a comprehensive federal regulatory framework for the cryptocurrency industry.

The CFTC’s approach includes two proposed regulations: Regulation CTX for retail crypto transactions and Regulation CAM for federally registered crypto-market venues. While the CFTC seeks to establish an optional federal regulatory path, current spot exchanges will largely remain under