US CFTC Chair Supports CLARITY Act: Legislation Must Be Passed

Odaily, U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig posted on X platform, stating that innovators and market participants in the crypto industry need clear regulatory expectations, and the CLARITY Act will establish a comprehensive rule framework for digital asset regulation. The future development of the U.S. crypto market requires a definitive regulatory environment, and the CLARITY Act can provide "future-proof" digital asset regulatory rules. If the U.S. hopes to maintain its status as a global cryptocurrency hub, this bill is "must-pass legislation."

The CLARITY Act aims to further clarify the division of regulatory responsibilities for digital asset markets and establish an institutional framework for crypto asset trading, market structure, and regulatory authority. Supporters believe the bill helps reduce regulatory uncertainty, encouraging businesses and capital to develop within the U.S. market. Mike Selig has repeatedly emphasized the need for clear, enforceable regulatory rules to support digital asset innovation while ensuring market safety and investor protection. This latest statement further reflects the trend of U.S. regulatory agencies pushing for clearer rules in the crypto industry.