Svmuu News: Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), posted on X stating that innovators and market participants in the crypto industry 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 regulatory environment with certainty, and the CLARITY Act can provide “forward-looking” regulatory rules for digital assets. If the U.S. hopes to maintain its position as a global hub for cryptocurrency, this bill is “legislation that must be passed.”
The CLARITY Act aims to further clarify the division of regulatory responsibilities in the digital asset market and establish an institutional framework governing crypto asset trading, market structure, and regulatory authority. Supporters believe the bill will help reduce regulatory uncertainty and promote the growth of businesses and capital in the U.S. market. Mike Selig has previously emphasized on multiple occasions the need for clear, enforceable regulatory rules to support digital asset innovation while ensuring market safety and investor protection. This statement further reflects the trend among U.S. regulators to promote greater regulatory clarity in the crypto industry.