CFTC Chair Urges Swift Passage of CLARITY Act to Enhance Digital Asset Market

The Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Mike Selig, has reiterated his call for the swift passage of the CLARITY Act on the X platform. According to Odaily, Selig emphasized that U.S. President Donald Trump's stance on advancing the CLARITY Act is correct, highlighting the importance of establishing a forward-looking digital asset market structure. The CFTC is prepared to implement the act during Trump's tenure, viewing the legislation as crucial for maintaining U.S. leadership in global innovation. Selig stated, "Now is the time to take action." Additionally, he disclosed that the CFTC plans to set clearer standards for self-certified prediction market types and intends to release an Advanced Notice of Proposed Rulemaking (ANPRM) soon, laying the groundwork for more comprehensive prediction market regulations.