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

Odaily Odaily 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, regulatory agencies such as the CFTC will ultimately be forced to "make all the cryptocurrency rules." Selig said: "We must get this legislation done, establish clear regulatory standards, and protect consumers." (The Block)