CFTC Chair Says It Will Advance Crypto Market Structure Rules Under Existing Authority
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AT A GLANCE
Report:CFTC Chair says crypto rules will advance under existing authority, with perpetual contracts identified as the focus.
Article
CFTC Chair Says “It’s Time to Act”: U.S. Regulators Accelerate Crypto Rules, Perpetual Contracts in Focus
According to BlockBeats,September 24, after the U.S. Senate rejected the CLARITY Act 8 days later,CFTC Mike Selig, Chair of the CFTC, said it would use its existing statutory authority to independently formulate crypto market structure rules, adding that it was time to act.CFTC submitted pre-rules to the White House: “Crypto Asset Trading Regulation” and “Crypto Asset Market Regulation.” Selig stated that CFTC must reassess all rules to adapt to a 7×24-hour on-chain market driven by algorithms and agentic finance.
The focus of this series of actions is perpetual contracts.CFTC could establish a designated contract market category, enabling trading platforms to offer leveraged crypto trading under its oversight, but it cannot assert jurisdiction over the spot market. This still requires legislation and is precisely the core of the CLARITY Act. Perpetual contracts therefore represent the most direct breakthrough, with Hyperliquid and Lighter being clear recent winners.
Original link https://m.theblockbeats.info/flash/368861
Key points
01
BlockBeats stated that September 24，CFTC Chair Mike Selig said it would use its existing statutory authority to independently formulate crypto market structure rules.
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The report wrote that the U.S. Senate 8 days ago rejected the CLARITY Act.
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The report wrote that CFTC submitted pre-rules to the White House: “Crypto Asset Trading Regulation” and “Crypto Asset Market Regulation.”
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Mike Selig stated that CFTC must reassess all rules to adapt to a 7×24-hour on-chain market driven by algorithms and agentic finance.
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The report considers that CFTC could establish a designated contract market category, enabling trading platforms to offer leveraged crypto trading under its oversight, but it cannot assert jurisdiction over the spot market.
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The report described perpetual contracts as the most direct breakthrough and said Hyperliquid and Lighter were clear recent winners.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The core of this report is:CFTC the Chair said the agency is prepared to use its existing statutory authority to advance crypto market rules. The report identifies perpetual contracts as a focus and also notes that CFTC jurisdiction over the spot market still requires legislation. The article’s assertions about a “breakthrough” and specific platforms being “winners” are the report’s judgments and cannot confirm that the platforms have obtained regulatory access or realized actual benefits.
Why it matters to readers
If the rules described in the report advance, leveraged crypto trading regulated by CFTC may have a clearer regulatory pathway; however, the article also explicitly states that spot-market jurisdiction still requires legislation, so the scope of the current action is limited and remains unclear.
Beginners should distinguish perpetual contracts from spot trading: the regulatory breakthrough discussed in the report primarily concerns leveraged perpetual contracts. It does not mean that regulatory authority over the U.S. spot crypto market has been determined, nor does it mean that the platforms mentioned have been approved to enter the U.S. market.
Risks and unknowns
The evidence does not provide CFTC official documents from the CFTC, the White House, or the U.S. Senate, so the relevant submissions and statements cannot be independently verified.
The formal texts, reference numbers, scope of application, and status of the pre-rules are not provided.
Related Developments
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The evidence does not state whether perpetual contracts have been CFTC formally identified as a priority regulatory direction.
The claim that Hyperliquid and Lighter are “winners” lacks specific support and cannot confirm that they have obtained regulatory access or actual gains.
The evidence only states “September 24” and “8 days later,” without specifying the year.
Related concepts
CFTC
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
A financial market in which assets are bought and sold at the current price, with delivery intended to take place immediately or within a relatively short period.
A trading method that uses borrowed funds to establish a position larger than the trader’s own capital, thereby amplifying both potential gains and losses.
