The Commodity Futures Trading Commission has signalled it is ready to oversee the entire crypto market, according to chair Michael Selig.
Selig said the agency is prepared to “take responsibility” for regulating the $3 trillion digital asset industry, even as key legislation remains stalled in Congress.
“The same regulatory clarity being delivered to the crypto industry is being developed for prediction markets,”
Selig said.
The proposed CLARITY Act, which could expand the CFTC’s authority, remains delayed in the Senate amid debates over stablecoin rules and other issues.
The CFTC has also moved to coordinate more closely with the Securities and Exchange Commission to clarify oversight of digital assets.
Following the announcement the US crypto regulatory outlook remained uncertain.
The agency is asserting jurisdiction over prediction markets, arguing they fall under derivatives regulation rather than gambling laws, a position facing legal challenges.
The push reflects a broader shift toward clearer, rule-based crypto regulation as US authorities balance innovation with market oversight.