Ripple CEO says CFTC willing to act without Congress
At the CFTC's first Innovation Advisory Committee meeting on August 20, chairman Michael Selig instructed staff to examine how existing agency authorities could be used to create a structured framework for crypto markets because the Digital Asset Market Clarity Act is stalled in the Senate. Ripple CEO Brad Garlinghouse, a committee member since February, framed the meeting as evidence of a changing regulatory tone toward clarity rather than enforcement. The meeting produced no new rules or timelines, but it signaled the CFTC may pursue administrative options that can provide operational certainty yet remain reversible under future administrations.
CFTC staff will explore using existing authorities for crypto regulation
Context
The CFTC held its first innovation advisory committee meeting on August 20. The Digital Asset Market Clarity Act is stalled in the Senate and needs 60 votes. The CFTC may now explore administrative options, which could change enforcement…
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