CFTC chair says regulator is preparing for 24-7 on-chain markets

CFTC Chair Mike Selig said the regulator is preparing for markets that operate 24-7 on-chain. Selig said the transition will include automated markets that use algorithms and agentic finance. The CFTC continued crypto rulemaking after lawmakers blocked the Clarity Act last week. The CFTC sent a proposal to the White House to regulate crypto transactions and markets. The Securities and Exchange Commission approved tokenized stocks trading the same week. The SEC proposed a framework for crypto asset offerings in August. The Clarity Act would divide oversight among regulators by classifying digital assets as securities, commodities, or stablecoins. The bill stalled this year. The banking lobby objected to crypto companies paying customers stablecoin rewards. Some lawmakers expressed ethical concerns about the legislation. Trump received backing from major industry players while campaigning. His family has made money from digital asset ventures since he became president. Some lawmakers alleged conflicts of interest. The White House has denied any wrongdoing. White House Crypto and AI Tsar David Sacks described Selig as instrumental to the president's crypto agenda. Trump urged lawmakers in August to pass the Clarity Act.