CFTC Chair Urges Congress to Pass the Clarity Act Soon, Otherwise Regulators Will Be Forced to Create Crypto Rules

Odaily News Odaily News U.S. Commodity Futures Trading Commission (CFTC) Chair Michael Selig urged the U.S. Congress to pass the Clarity Act as soon as possible. In an interview with Fox Business, he stated that if Congress fails to complete the relevant legislation, regulatory bodies like the CFTC will ultimately have to "make all the cryptocurrency rules." Selig said: "We have to get the legislation done. We want to establish clear regulatory standards and protect consumers." (The Block)