# CFTC Chairman Michael Selig Says New Crypto Rules Are Coming Soon

> CFTC chairman Michael Selig confirms new crypto rules will follow failed Senate bill.
- Title: CFTC Chairman Michael Selig Says New Crypto Rules Are Coming…
- Summary: CFTC chairman Michael Selig confirms new crypto rules will follow failed Senate bill. CFTC proposes rules for middle rung of crypto exchanges to manage…
- Keywords: cftc, crypto, regulation, margin, eth, solana, xrp, hyperliquid, securities, commodity, finance, money
- Source: The Motley Fool — https://fool.com/investing/2026/10/16/cftc-chairman-michael-selig-says-new-crypto-rules
- Author: Alex Carchidi
- Published: 2026-10-16T11:20:00+00:00
- Read time: 1 min
- Topics: cftc, crypto, regulation, margin, eth, solana, xrp, hyperliquid, securities, commodity, finance, money
## CFTC rulemaking advance
CFTC chairman Michael Selig told staff to explore crypto rules under existing powers after Clarity Act failed Senate vote on Sept 15.
## New rules target middle rung
Proposed rules cover exchanges offering margin trading, which magnifies gains and losses for investors.
## XRP and Ethereum classified as commodities
CFTC-SEC jointly categorized ethereum, solana, and xrp as digital commodities in march 2026.
## Hyperliquid at highest risk
Hyperliquid's decentralized exchange for perpetual futures puts it on top rung of crypto exchange classification.
## Regulatory requirements for exchanges
Exchanges might need to report reserves, segregate client funds, and undergo token reviews for ownership concentration.
## Timeline for rule implementation
CFTC will publish proposed rules after 60-day public comment period, with final rules likely in 2027.
## Institutional capital impact
New rules could attract institutional investors by providing federal options for crypto trading.
## Key takeaway

CFTC proposes rules for middle rung of crypto exchanges to manage margin risks before legislative action.