US CFTC Chairman: Even if Congress does not pass legislation, the crypto industry will still receive market structure rules.

TechFlow reports that on August 20, according to Bloomberg, U.S. Commodity Futures Trading Commission Chairman Michael Selig stated that even if Congress fails to pass landmark cryptocurrency legislation, the crypto industry will still receive market structure rules. In an interview ahead of the agency's first Innovation Advisory Committee meeting, Selig noted that establishing market structure is "very important," and the relevant framework can be implemented either through regulatory rules or legislation.