The CFTC chairman's statement this time is quite crucial; statutory law is much more reliable than an executive order.

Crypto World News reports that CFTC Chairman Mike Selig stated in an interview with Mark Moss that creating a prosperous space for the future of digital assets is crucial, and government intervention and confiscation of people's cryptocurrencies and Bitcoin can no longer be allowed. He believes that the probability of the U.S. government declaring cryptocurrencies illegal today is extremely low. To prevent a replay of the previous administration's "Disruption Action 3.0," it is very important to establish written legal guidance, such as promoting the Clarity Act and the Genius Act.