US CFTC Chairman Supports CLARITY Act: Legislation Must Be Passed

Odaily Planet Daily News CFTC Chairman Mike Selig stated on platform X that crypto industry innovators and market participants need clear regulatory expectations, and the CLARITY Act will establish a comprehensive rule framework for digital asset regulation. The future development of the US crypto market requires a deterministic regulatory environment, and the CLARITY Act can provide "future-proof" digital asset regulatory rules. If the US hopes to maintain its position as a global cryptocurrency hub, this bill is "must-pass legislation."

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