Crypto Market Structure Bill Nears Key Moment As CFTC Chair Signals Progress Within Months
Newly appointed CFTC Chair Michael Selig advocates for the passage of the crypto market structure bill (CLARITY Act), arguing it could establish the U.S. as the global "gold standard" in crypto regulation. He emphasizes that the legislation would provide long-needed clarity by defining a token taxonomy and clarifying regulatory jurisdictions, challenging the current approach of treating most digital assets as securities. Selig believes the bill could reach President Trump's desk within months, aided by executive support. Meanwhile, Senate Democrats are planning a closed-door meeting to discuss the bill, which recently stalled in the Senate Banking Committee due to industry opposition, despite passing in the Agriculture Committee.
bitcoinist02/04 19:03
