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CFTC Moves to Write Its Own Crypto Rules After Senate Vote Fails

Summary by Startup Fortune
Michael Selig, the CFTC's sole sitting commissioner, filed the agency's own crypto rulebook with the White House on September 17, two days after the Senate fell one vote short on the CLARITY Act.
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🚨 The CFTC has initiated preparations for two new federal regulations for the crypto market. 📌 The agency's initial focus is not on marginal and leveraged retail trading or the spot market other than $BTC. 🗳️ The process accelerated after the Senate stalled the Clarity Act bill by failing to reach the 60-vote threshold. 📝 The CFTC will gather industry opinions for 60 days before writing the formal rules. Read More: CFTC Prepares Two New Fede…

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WellPlayed broke the news on Monday, October 5, 2026.
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