Donald Trump · US Congress · CLARITY Act · SEC · Decrypt
CFTC Chair Readies Crypto Rules If Congress Falters to Pass Clarity Act
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Commodity Futures Trading Commission Chair Michael S.
Key facts
- On Wednesday, President Donald Trump urged Congress to pass a “ fair version ” of the Clarity Act
- Speaking Thursday at the inaugural meeting of the CFTC's Innovation Advisory Committee, Selig said passing bipartisan market structure legislation remains his preferred path
- The Clarity Act would establish a federal framework for digital assets and clarify the CFTC and SEC’s roles in overseeing crypto markets
- Passing Clarity is the surest way that we can prevent another Gary Gensler from running a rogue campaign of lawfare against the individuals and companies in this room today," Selig said, referring
Summary
CFTC Chair Michael S. Selig said he will direct staff to formally propose the rules if the Clarity Act remains stalled in Congress. The potential framework could cover crypto exchanges, leveraged trading, and on-chain finance protocols. Speaking Thursday at the inaugural meeting of the CFTC's Innovation Advisory Committee, Selig said passing bipartisan market structure legislation remains his preferred path. The Clarity Act would establish a federal framework for digital assets and clarify the CFTC and SEC’s roles in overseeing crypto markets.