NEW: CFTC Chair Michael Selig warns regulators will end up "writing all the rules" for digital assets if Congress fails to pass the CLARITY Act.

What happened

NEW: CFTC Chair Michael Selig warns regulators will end up "writing all the rules" for digital assets if Congress fails to pass the CLARITY Act.

Confirmed

Global impact / market context

If Congress delays the CLARITY Act, the CFTC may expand its authority, forcing crypto firms to comply with new, possibly stricter rules, which could raise compliance costs and affect investment decisions in digital assets.

Analyst inference

CFTC Chair Michael Selig said regulators will have to write all the rules for digital assets if Congress does not pass the CLARITY Act, highlighting a potential regulatory gap in the U.S. crypto framework.

Confirmed

What to watch

1. Legislative progress on the CLARITY Act – any movement in Congress will determine whether the CFTC must fill the regulatory void or if a clearer statutory framework will be established. Analyst inference
2. CFTC rulemaking activity – watch for proposed rules or guidance that could extend the agency’s oversight to more digital‑asset activities, impacting how firms operate. Analyst inference
3. Compliance costs for crypto companies – if the CFTC writes new rules, firms may need to invest in legal, reporting, and technology upgrades, affecting profitability and capital allocation. Analyst inference

Evidence

• x.com