CFTC Chair Prepares Crypto Rules If Congress Fails to Pass Clarity Act

CFTC May Step In If Congress Delays Crypto Rules

The chair of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, said the agency is ready to create its own rules for crypto assets if Congress does not pass the Clarity for Payment Stablecoins Act by the end of the year. The CFTC is a government agency that oversees markets for commodities, including some crypto assets.

Behnam spoke at an event on August 20, 2026, and said the CFTC has the power to regulate crypto markets if Congress does not act. He did not explain what specific rules the CFTC would create.

What the Clarity Act Would Do

The Clarity for Payment Stablecoins Act is a proposed law that would set rules for stablecoins, which are digital currencies designed to keep a steady value, often tied to the U.S. dollar. The bill would give regulators clear authority over stablecoin issuers and require them to follow certain rules to protect users.

Behnam said the CFTC supports the bill but is preparing to act if Congress does not pass it. He did not say how soon the CFTC would move forward with its own rules.

Why Regulators Want Clear Rules

Regulators like the CFTC and the U.S. Securities and Exchange Commission (SEC) have been pushing for clearer rules for crypto assets. Without clear laws, companies and users may face uncertainty about what is allowed. The CFTC has already taken action against some crypto companies for breaking existing rules.

The CFTC’s role in crypto regulation is limited compared to the SEC, which oversees securities. The Clarity Act would help define which agency has authority over different parts of the crypto market.

What Is Still Unclear

It is not certain whether Congress will pass the Clarity for Payment Stablecoins Act before the end of 2026. If the bill fails, the CFTC’s plans for its own rules are not yet detailed. The agency has not said what specific rules it would create or when they would take effect.

Sources

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