The most important verbal signal from the CFTC advisory meeting: CFTC Chair Selig said he is primarily hoping Congress will pass the CLARITY Act. If the bill remains stalled in the Senate, he has instructed the internal team to begin drafting regulatory rules for the crypto market based on the agency’s existing statutory authority, covering exchanges, leveraged trading, and on-chain protocols, using an administrative rulemaking path to fill regulatory gaps. The Senate vote on the CLARITY Act in mid-September remains a key milestone. $BTC


























