The Clear Act + Full Committee, 2024 may be the true watershed moment for U.S. cryptocurrency legislation.

ME News message: On May 16 (UTC+8), several key members of the U.S. House of Representatives jointly sent a letter to President Trump, urging that he appoint a complete slate of Commodity Futures Trading Commission (CFTC) commissioners, including Democrats. Among the committee members overseeing the agency, both the top Republican and top Democratic figures believe that a complete five-member commission will “better serve” the public, especially as the commission takes on new responsibilities for cryptocurrency regulation. With new rules being proposed and the Clarity Act—aimed at regulating market structure—progressing in the Senate, the agency will play a central role in regulating the cryptocurrency industry. On Friday, Pennsylvania Republican Chairman Glenn “GT” Thompson and Minnesota Democratic Representative Angie Craig wrote to the president, urging the nomination of four new commissioners