CFTC chair says crypto industry is opting into agency rules as legislation hopes fade
CNBC reported that CFTC Chair Selig told the network the crypto industry is embracing agency rules as hopes for legislation fade; the CFTC in October announced proposed rules to assert its jurisdiction.
What happened
CNBC reported on Nov 13, 13:15 UTC that CFTC Chair Selig said the crypto industry is embracing agency rules as legislation hopes fade. The report names the CFTC and the broader crypto industry as the institutions concerned.
CNBC’s summary adds that the top U.S. commodities regulator in October announced proposed crypto rules to assert its jurisdiction over the asset class.
Crypto market context
As of Nov 13, 13:59 UTC, per CoinGecko, bitcoin was $69,516.00 and fell 4.03% over 24 hours; ether was $1,967.29 and fell 2.13% over 24 hours; solana was $81.51 and rose 0.17% over 24 hours; and XRP was $1.0330 and was little changed over 24 hours.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| Nasdaq 100 (via QQQ ETF) | $688.17 | -0.32% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Bitcoin | $69,516.00 | -4.03% | 24h | Nov 13, 13:59 UTC | CoinGecko |
| Ether | $1,967.29 | -2.13% | 24h | Nov 13, 13:59 UTC | CoinGecko |
| Solana | $81.51 | +0.17% | 24h | Nov 13, 13:59 UTC | CoinGecko |
| XRP | $1.0330 | +0.03% | 24h | Nov 13, 13:59 UTC | CoinGecko |
| US Dollar Index (via UUP ETF) | $29.42 | +0.24% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
Related coverage
CoinDesk reported on Nov 12, 16:45 UTC that the crypto industry told a court Illinois crypto tax is impossible to enforce as written. Cointelegraph reported on Nov 12, 20:07 UTC that the DTCC plans a Solana expansion while wallet rules could limit access.
- CFTC Chair Selig tells CNBC crypto industry is embracing agency rules as legislation hopes fade — CNBC, Nov 13, 13:15 UTC
- Illinois crypto tax is impossible to enforce as written, crypto industry tells court — CoinDesk, Nov 12, 16:45 UTC
- Crypto for Advisors: The blockchain built to run financial markets — CoinDesk, Nov 12, 15:34 UTC
- DTCC Plans Solana Expansion as Wallet Rules Limit Access — Cointelegraph, Nov 12, 20:07 UTC
- Israeli police arrest five in $5M WhatsApp crypto trading probe — Cointelegraph, Nov 13, 12:19 UTC
Sources and data
- CNBC (secondary source) — CFTC Chair Selig tells CNBC crypto industry is embracing agency rules as legislation hopes fade
- CoinDesk (secondary source) — Illinois crypto tax is impossible to enforce as written, crypto industry tells court
- Cointelegraph (secondary source) — DTCC Plans Solana Expansion as Wallet Rules Limit Access
- Finnhub (market data) — market data
- CoinGecko (market data) — market data
Market data as of Nov 13, 13:59 UTC; report generated Nov 13, 14:00 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
US Dollar Index (DXY)
An index of the US dollar's value against a basket of six currencies: the euro (the largest weight, about 58%), Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.
Blockchain
A shared ledger in which transactions are grouped into blocks, each cryptographically linked to the previous one, and copies are kept by many independent computers (nodes).
Sources & data
- CNBC (secondary, retrieved Nov 13, 2026, 02:02 PM UTC)
- CoinDesk (secondary, retrieved Nov 13, 2026, 02:02 PM UTC)
- Cointelegraph (secondary, retrieved Nov 13, 2026, 02:02 PM UTC)
- Finnhub (market-data, retrieved Nov 13, 2026, 02:02 PM UTC)
- CoinGecko (market-data, retrieved Nov 13, 2026, 02:02 PM UTC)
Market data as of Nov 13, 2026, 01:59 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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