🔥Major Signal! CFTC Chair: The CLARITY Act is nearing the finish line, and institutions are ready to implement it
CFTC Chair Michael Selig publicly stated that the United States’ crypto milestone legislation—the CLARITY Act—is getting closer to the point of enactment. Once the President signs it into law, the CFTC is ready and will immediately begin regulatory implementation work tied to the Act.
The core of this Act is to clarify the SEC vs. CFTC jurisdictions, define the commodity nature of most crypto assets, including $BTC and $ETH , and build a compliant framework for U.S. spot crypto.
CFTC Chair Michael Selig publicly stated that the United States’ crypto milestone legislation—the CLARITY Act—is getting closer to the point of enactment. Once the President signs it into law, the CFTC is ready and will immediately begin regulatory implementation work tied to the Act.
The core of this Act is to clarify the SEC vs. CFTC jurisdictions, define the commodity nature of most crypto assets, including $BTC and $ETH , and build a compliant framework for U.S. spot crypto.