CFTC Chair Mike Selig Supports CLARITY Act as Must-Pass Legislation on July 10

According to ChainCatcher, on July 10, U.S. CFTC Chair Mike Selig expressed support for the CLARITY Act as "must-pass legislation" for establishing a comprehensive regulatory framework for digital assets. Selig stated that crypto market innovation requires clear regulatory expectations and that the CLARITY Act would provide forward-looking rules for digital asset oversight. The legislation aims to clarify regulatory responsibility divisions and establish frameworks for cryptocurrency trading, market structure, and agency authority. Selig emphasized that a defined regulatory environment is essential for the U.S. to maintain its position as the global crypto center.
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