CFTC Chairman Selig ends crypto regulation by enforcement approach
CIE News ·
Based on an official regulatory or court document.
CFTC Chairman Michael S. Selig announced an end to regulation by enforcement, aligning with the SEC on formal rules and joint regulatory clarity for crypto assets.
CFTC Chairman Michael S. Selig announced on October 29, 2026, that the agency is moving away from setting market rules through enforcement actions. Speaking at the LINK: NYC event, Selig stated that "the era of regulation by enforcement is over," according to en.bloomingbit.io. The regulator plans to focus on codified rules and predictable oversight for digital commodity markets instead of shaping asset classifications through individual lawsuits.
The policy shift accompanies joint coordination between the CFTC and the SEC. The SEC issued an interpretation clarifying how federal securities laws apply to crypto transactions, acknowledging that most crypto assets are not themselves securities and confirming that investment contracts can conclude, the SEC announced. Selig stated that both agencies are working to develop harmonized regulations, while SEC Chairman Paul S. Atkins noted the effort serves as a bridge toward bipartisan market structure legislation.
Key facts
- Announced on Oct 29, 2026
- Regulation by enforcement ended
- CFTC and SEC coordination