CFTC Chairman: Clarity Act ‘Moving Toward the Finish Line’ as Agency Prepares for Implementation

BitcoinWorld CFTC Chairman: Clarity Act ‘Moving Toward the Finish Line’ as Agency Prepares for Implementation U.S.

Commodity Futures Trading Commission (CFTC) Chairman Mike Selig stated that the Clarity Act is “moving toward the finish line” and that the agency is prepared to implement the legislation once it is signed into law.

The remarks, shared via Watcher.Guru’s X account, signal a significant step forward in the long-debated effort to establish a comprehensive regulatory framework for digital assets in the United States. What Is the Clarity Act?

The Clarity Act, formally known as the “Digital Asset Market Structure and Investor Protection Act,” aims to clarify the jurisdictional boundaries between the CFTC and the Securities and Exchange Commission (SEC) over digital assets.