CFTC Chair: Crypto Market Bill Nearly Ready for President Trump’s Desk

Washington's regulatory gears are grinding toward a finish line. The head of the Commodity Futures Trading Commission just signaled a landmark crypto bill is prepped for presidential review—a move that could reshape the digital asset landscape overnight.

The Regulatory Endgame

Forget the years of committee hearings and lobbying blitzes. This legislation, crafted in the shadows of Capitol Hill, is now in its final form. It's not a draft; it's a done deal awaiting one signature. The CFTC, long jockeying with the SEC for oversight primacy, appears to have won a key battle in defining the rules of the road.

What's Actually in the Box?

While the exact text remains under wraps, the bill's mere existence signals a tectonic shift. It promises clarity—a word more precious than Bitcoin in crypto circles. Expect definitions for digital assets, frameworks for exchanges, and guardrails for derivatives trading. It's the regulatory infrastructure Wall Street has demanded, just delivered via blockchain.

The timing is everything. Pushing this to the President's desk now sets the stage for immediate action, bypassing the usual bureaucratic molasses. It turns regulatory uncertainty from a market risk into a checked box.

The Trump Card

All eyes now turn to the Oval Office. Presidential approval would instantly transform the U.S. from a regulatory patchwork into a potential global hub—or at least, that's the sales pitch. The bill represents a massive bet on institutional adoption, effectively rolling out the red carpet for traditional finance's trillions.

Of course, in typical D.C. fashion, it solves yesterday's problems just as tomorrow's are being minted. The real test won't be the signing ceremony, but whether the rules can keep pace with code that updates faster than congressional staffers can schedule lunch meetings.

One cynical finance jab? Nothing unites politicians like the scent of new taxable revenue streams dressed up as 'innovation-friendly policy.' The bill's arrival proves crypto's ultimate utility: being a political football that somehow always lands in the end zone marked 'bipartisan deal.'

Get ready. The regulatory vacuum is about to get a trillion-dollar injection of rules—whether the market likes it or not.

Newly confirmed Commodity Futures Trading Commission Chairman Michael Selig said on Monday that Congress is close to passing long-awaited legislation to set rules for U.S. cryptocurrency markets, a move that could soon reach President Donald Trump’s desk.

Speaking after his confirmation as the CFTC’s 16th chairman, Selig said lawmakers were “poised” to advance a digital asset market structure bill, hinting at a shift in Washington to provide clearer oversight of crypto trading and related products.

“Congress is poised to send digital asset market structure legislation that will cement the U.S. as the Crypto Capital of the World to the President’s desk,” he wrote.

Selig was confirmed by the U.S. Senate last week following a confirmation process. He thanked President TRUMP for appointing him to lead the agency and said the CFTC is entering a new phase as technology reshapes financial markets.

Retail participation in commodity and derivatives markets is now at record levels, while new digital platforms and products continue to emerge, Selig said. He added that these changes increase the need for clear and practical rules to protect market stability.

The proposed legislation WOULD define how digital assets are regulated in the United States and clarify the CFTC’s role alongside the Securities and Exchange Commission. Supporters of the bill say it would help the U.S. remain competitive as other countries move ahead with crypto regulation.

Selig said the CFTC is well positioned to oversee these changes and provide what he called “common-sense rules” for evolving markets. He also praised current and former regulators for guiding the agency through a period of transition.

Under his leadership, Selig said the CFTC would focus on maintaining secure and orderly markets while allowing innovation to develop within a clear regulatory framework.