{
  "id": 8337399,
  "title": "The SEC and CFTC Say They Will Write Crypto Rules Without Congress. What Atkins and Selig Can Actually Do for XRP and Bitcoin.",
  "url": "https://urgent.news/2026/09/17/the-sec-and-cftc-say-they-will-write-crypto-rules-without-congress",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T16:40:42.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/crypto/articles/sec-cftc-write-crypto-rules-164042293.html"
  },
  "original_language": "en",
  "account": "The SEC Chair Paul Atkins and CFTC Chair Michael Selig have each declared that they will independently draft crypto regulations without relying on the recently failed Senate bill. While the two agencies acknowledge the limitations of their ability to create lasting legal frameworks, their actions could still benefit XRP and Bitcoin in the interim period. The CFTC has already established oversight for crypto-related commodities, and Selig has directed his team to develop rules for a specific registration category aimed at regulated crypto exchanges. This move holds particular significance for XRP, given its lack of a dedicated CFTC-supervised trading venue. On the SEC's side, Atkins unveiled a proposed framework for governing crypto assets in March, and the agency currently has an offering rule open for public comment. This rule would facilitate clearer disclosure requirements for crypto projects seeking to raise funds, though it does not directly resolve regulatory issues surrounding XRP. Both regulatory bodies recognize that their actions are a head start on legislation rather than a definitive resolution. The SEC and CFTC have the authority to create rules and guidelines within their existing domains, but they cannot assign a single, permanent legal classification to XRP or Bitcoin. The potential impact on Bitcoin's price in the short term is expected to be minimal, as its legal status was never uncertain. Instead, Bitcoin's gains in the coming weeks may be more gradual, driven by the development of new exchange infrastructure regulated by the CFTC. XRP, on the other hand, could experience a more substantial regulatory boost if the CFTC formally proposes its exchange registration category with XRP's eligibility or if a federal court upholds the agency's authority to oversee such a category. Until either the CFTC's rule or a revived version of the CLARITY Act is enacted, XRP's regulatory status remains in flux.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}