CFTC Chairman Selig Calls for Urgent Passage of the Clarity Act

In an interview with Fox Business, Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), strongly advocated for the early passage of the U.S. cryptocurrency market structure bill, known as the Clarity Act. He warned that if the bill stagnates, regulatory authorities will be compelled to independently create rules in the absence of a comprehensive framework by Congress. Mr. Selig highlighted that currently, varying state laws and regulations...