U.S. CFTC Chair Supports the CLARITY Act: Legislation Is a Must-Pass

Odaily Planet Daily News: U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig stated on the X platform that innovation leaders and market participants in the crypto industry require clear regulatory expectations, and the CLARITY Act would establish a comprehensive rule framework for digital asset regulation. The future development of the U.S. crypto market needs a definitive regulatory environment, and the CLARITY Act can provide "future-proof" digital asset regulatory rules. If the United States wants to maintain its status as the global cryptocurrency hub, this bill is a "must-pass piece of 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 the authorities of regulatory agencies. Supporters believe the bill helps reduce regulatory uncertainty, encouraging businesses and capital to develop within the U.S. market. Mike Selig has previously 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 among U.S. regulators to push for clearer rules within the crypto industry.