Exterior view of the U.S. Commodity Futures Trading Commission (CFTC) headquarters in Washington, D.C., as lawmakers advance the CLARITY Act expanding CFTC oversight of cryptocurrency markets amid ongoing staffing reductions and regulatory restructuring.
getty
The Commodity Futures Trading Commission has 556 full-time employees. The Securities and Exchange Commission has more than 4,000. The CLARITY Act, which the Senate Banking Committee marked up this week, would put the smaller agency in charge of regulating U.S. crypto spot markets, a sector that processed $18.6 trillion in global volume last year and is on pace to grow in 2026.
The political fight over CLARITY is well-trodden territory. SEC versus CFTC. Banks versus exchanges. States…
