CFTC Chairman Michael Selig confirmed on August 4, 2026, that the agency has rule proposals ready to advance for digital asset markets, regardless of the CLARITY Act’s fate in the Senate. This bill (H.R. 3633), already passed by the House in 2025, aims to establish the CFTC as the primary federal overseer of spot digital commodity markets. The CFTC and SEC are already coordinating through a joint initiative called Project Crypto to clarify the regulatory status of specific digital assets. While these rules provide some clarity, they remain less durable than legislation, as they can be challenged in court or reversed by a future administration.
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