CFTC Chair Mike Selig says agency is using existing statutory authority to build a crypto-asset regulatory market structure

CFTC Chair Mike Selig signaled the agency is moving to use existing statutory powers to establish a crypto-asset market structure, implying faster regulatory clarity without waiting for new legislation. For crypto, clearer jurisdiction and rules can reduce compliance uncertainty, improve institutional participation, and reshape exchange, derivatives, and listing standards. Lack of timeline/details limits immediate repricing, but the direction is supportive for broad market sentiment.