CFTC Chair Selig tells CNBC crypto industry is embracing agency rules as legislation hopes fade

CFTC Chair Mike Selig told CNBC that the crypto industry is increasingly embracing the agency's rules as hopes for comprehensive legislation fade. In October, the CFTC proposed crypto regulations aimed at asserting its jurisdiction over digital assets. The shift matters because it signals that market participants may accept agency-led oversight rather than waiting for Congress to pass a broader framework. Watch for how the industry responds to the proposed rules and whether legislative efforts regain momentum.