Morning Minute: Selig Says ‘It’s Go Time’ for CFTC Crypto Rules
Summary
After the Senate blocked the Clarity Act, CFTC Chair Mike Selig said the agency will still move ahead on crypto market-structure rules under its existing authority. He called it “go time” and framed the effort as broader than crypto, pointing to a shift toward 24/7 onchain markets driven by algorithms and agentic finance. The main practical change is likely for leveraged crypto trading and perpetuals, since the CFTC can create oversight for designated contract markets, but it still cannot regulate spot crypto without new legislation. That makes perps-focused platforms like Hyperliquid and Lighter the clearest potential winners from the coming rule changes.
