{
  "id": 12199538,
  "title": "CFTC joins SEC in proposing crypto framework after failed CLARITY vote",
  "url": "https://urgent.news/2026/10/05/cftc-joins-sec-in-proposing-crypto-framework-after-failed-clarity-vote",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T17:40:23.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/cftc-proposed-crypto-framework-failed-clarity-vote"
  },
  "original_language": "en",
  "account": "CFTC Chair Michael Selig declared that the agency would proceed with crypto regulation, regardless of Congress' failure to pass the Digital Asset Market Clarity (CLARITY) Act. Selig announced proposals at the Fordham Law Blockchain Regulatory Symposium, giving crypto companies the option to operate under the CFTC's jurisdiction rather than multiple state regulations. The CFTC will establish a new category of designated contract market (DCM) called crypto asset market (CAM), allowing certain exchanges to register as such. These rules would allow the CFTC to oversee crypto asset exchanges uniformly under existing statutory authorities, rather than relying on enforcement from the previous administration. The SEC already proposed a tailored securities offering regime for crypto assets in August, indicating that both agencies would push forward with regulation independently of legislative action.",
  "summary": "CFTC Chair Michael Selig claimed that the agency was using its “existing statutory authorities“ to address crypto regulation after Congress failed to advance a market structure bill.",
  "key_points": [
    "CFTC Chair Michael Selig announced crypto regulation plans despite CLARITY Act failure.",
    "CFTC will create new crypto asset market (CAM) category for exchanges.",
    "SEC proposed tailored securities offering regime for crypto assets in August."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "U.S. CFTC joins SEC in proposing crypto regulations, though spot-market gap lingers",
        "url": "https://urgent.news/2026/10/05/u-s-cftc-joins-sec-in-proposing-crypto-regulations-though-spot-market",
        "published": "2026-10-05T15:54:23.000Z"
      },
      {
        "outlet": "The Block",
        "title": "CFTC proposes new federal framework for leveraged retail crypto trading",
        "url": "https://urgent.news/2026/10/05/cftc-proposes-new-federal-framework-for-leveraged-retail-crypto",
        "published": "2026-10-05T16:09:02.000Z"
      },
      {
        "outlet": "The Hill",
        "title": "CFTC proposes new rules for crypto industry",
        "url": "https://urgent.news/2026/10/05/cftc-proposes-new-rules-for-crypto-industry",
        "published": "2026-10-05T16:55:40.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "CFTC is proposing rules that would require leveraged crypto exchanges to register",
        "url": "https://urgent.news/2026/10/05/cftc-is-proposing-rules-that-would-require-leveraged-crypto-exchanges",
        "published": "2026-10-05T17:50:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}