CFTC Chairman Selig calls out Congress for stalling the crypto bill
As seen on the 24/7 Wall St. homepage on October 10, 2026.
The top derivatives regulator conceding Congress has stalled means crypto market structure rules stay in limbo, leaving exchanges, token issuers and listed crypto names without the jurisdictional clarity they have been pricing in.
BREAKING: CFTC Chairman Selig says "I am absolutely disappointed in Congress" for not passing the crypto bill https://t.co/CSCQ3wPHh1
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CFTC Chairman Selig's public rebuke of Congress removes any remaining ambiguity about where the regulatory logjam sits. When the top U.S. derivatives regulator says he is "absolutely disappointed" in the legislature, it signals that the agency itself has done what it can and the ball is squarely in Congress's court.
For crypto exchanges, token issuers, and any listed names with direct exposure to digital assets, the practical consequence is continued jurisdictional limbo. Market participants had been pricing in the prospect of a clear legal framework that would define which assets fall under CFTC oversight versus SEC authority, and that clarity is now further out of reach.
The stalled crypto bill was meant to resolve exactly that turf dispute, giving exchanges a defined rulebook and giving institutional investors the compliance certainty needed to deepen their positions. Without it, enforcement actions remain unpredictable and product launches in the U.S. carry elevated legal risk.
Selig's unusually direct criticism could revive a bipartisan push for the legislation or harden political resistance. Either way, the crypto market structure question does not resolve itself, and assets whose valuations have leaned on regulatory optimism face a recalibration of that assumption.