US CFTC Chair supports the CLARITY Act: it must be passed through legislation

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Golden Finance reported that on July 11, U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig posted on X stating that crypto industry innovators and market participants need clear regulatory expectations, and that the CLARITY Act will establish a comprehensive regulatory framework for digital assets. The future development of the U.S. crypto market requires a deterministic regulatory environment, and the CLARITY Act can provide “future-facing” regulatory rules for digital assets. If the U.S. wants to continue maintaining its position as a global hub for cryptocurrencies, this bill is “must-pass legislation.”
The CLARITY Act is intended to further clarify the allocation of regulatory responsibilities in digital asset markets and to build an institutional framework covering crypto asset trading, market structure, and regulators’ authorities. Supporters believe the bill will help reduce regulatory uncertainty and drive businesses and capital to develop in the U.S. market. Mike Selig has previously emphasized multiple times that digital asset innovation needs clear, enforceable regulatory rules, while also ensuring market safety and investor protection. This latest stance further reflects the trend of U.S. regulators pushing for greater clarity in crypto industry rulemaking.
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