Donald Trump · CLARITY Act · Republicans · Democrats · Bitcoin Magazine
Lawmakers blocked the Clarity Act on Tuesday in a procedural vote
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“Americans deserve regulatory clarity, legal certainty, and consumer protections in crypto asset markets,” Selig wrote.
Key facts
- Lawmakers blocked the Clarity Act on Tuesday in a procedural vote, with the long-awaited legislation missing the 60 votes needed to advance it
- The Securities and Exchange Commission last month proposed its own framework for crypto asset offerings, pressing ahead despite a vote on the Clarity Act stalling
- Commodity Futures Trading Commission Chair Mike Selig will work with President Trump to advance crypto rules
- Commodity Futures Trading Commission Chair Mike Selig has said that the top regulator will go ahead and use its powers to advance crypto legislation despite the Clarity Act being blocked
Summary
Commodity Futures Trading Commission Chair Mike Selig will work with President Trump to advance crypto rules. Commodity Futures Trading Commission Chair Mike Selig has said that the top regulator will go ahead and use its powers to advance crypto legislation despite the Clarity Act being blocked. In a Wednesday statement released on X, Selig said that the regulator would still help U.S. President Trump “get the job done.” Lawmakers blocked the Clarity Act on Tuesday in a procedural vote, with the long-awaited legislation missing the 60 votes needed to advance it.