CFTC Chairman Urges Congress to Pass the Clarity Act Soon or Regulators Will Be Forced to Draft Crypto Rules

Odaily Planet Daily News   U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig has 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, regulators like the CFTC will eventually have to "write all the cryptocurrency rules." Selig said: "We must get this legislation done, establish clear regulatory standards, and protect consumers." (The Block)