CFTC Chair Selig says crypto market-structure rules are coming

CFTC Chair Mike Selig stated on September 24 that the agency is drafting crypto market-structure rules, asserting that “it’s go time” for regulation. The CFTC has submitted two draft rules—“Regulation Crypto Asset Transactions” and “Regulation Crypto Asset Markets”—to the White House. Selig noted these rules would establish a framework for algorithm-driven 24/7 on-chain markets but acknowledged spot-market jurisdiction still requires legislative support.