The Commodity Futures Trading Commission initiated proposed rulemaking under existing statutory powers as a backup plan following the Senate's defeat of the CLARITY Act on September 15, 2026

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Comprehensive legal regimes for digital assets, such as the EU's MiCA and proposed US market-structure bills, defining how tokens are issued, traded, and supervised.