CFTC Chair Mike Selig Says CLARITY Act Would Set Comprehensive U.S. Digital Asset Rules

CFTC Chair Mike Selig said U.S. crypto innovators and market participants need clear regulatory expectations and argued that the CLARITY Act would establish a comprehensive framework for digital asset regulation. According to Odaily, Selig wrote on X that the future development of the U.S. crypto market requires regulatory certainty and said the CLARITY Act could provide “future-oriented” rules for digital assets. He added that if the United States wants to maintain its position as a global cryptocurrency hub, the bill is legislation that must be passed. The CLARITY Act aims to further clarify how regulatory responsibilities are divided in digital asset markets and to create an institutional framework covering crypto asset trading, market structure, and the authority of regulators. Supporters of the bill say it would reduce regulatory uncertainty and encourage companies and capital to develop in the U.S. market. Odaily reported that Selig has previously emphasized the need for clear, enforceable rules to support digital asset innovation while ensuring market safety and investor protection.