CFTC Chairman Michael Selig stated at the US Treasury Market Conference on September 22, 2026 that mass tokenization could transform markets by enabling near-instant settlement and real-time collateral mobility. In February 2026, the CFTC expanded its eligible collateral framework to include certain payment stablecoins issued by national trust banks, aligning with the GENIUS Act enacted on July 18, 2025. Selig identified crypto and precious metals as prime candidates for continuous around-the-clock trading. Without the CLARITY Act advancing through the Senate, much of the regulatory framework depends on agency guidance, which can shift with leadership changes.
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