U.S. Crypto Regulation Advances with Key Appointments
The U.S. is moving closer to comprehensive crypto regulation following the confirmation of Michael Selig as Chair of the Commodity Futures Trading Commission (CFTC). Administration officials have emphasized strong coordination between the CFTC and the Securities and Exchange Commission (SEC) to establish clearer regulatory guidelines. Congress is nearing completion of a crypto market structure bill—the Responsible Financial Innovation Act—which builds on the House-passed CLARITY Act and is expected to be reviewed by the Senate Banking Committee in early January. Drafts indicate expanded CFTC authority over digital assets, a shift that has drawn mixed reactions and may influence the pace of legislative progress.