CFTC Chair Selig says CLARITY Act would lock in U.S. crypto rules

CFTC Chair Selig says CLARITY Act would lock in U.S. crypto rules

He said putting the framework into statute would help keep the United States the “crypto capital of the world” and prevent a future administration from undoing the rules.

Summary

CFTC Chair Selig said the CLARITY Act would help ensure the United States remains the “crypto capital of the world” by writing crypto market rules into statute. In remarks with Maria Bartiromo, he said that approach would stop a future hostile administration from being able to “tear apart all of our rules” and added that “we're not regulating by enforcement and opaque rules.” The comments frame the bill as an effort to provide a more durable legal foundation for crypto oversight, rather than relying on agency actions that could shift with political leadership. The CFTC (U.S. derivatives regulator) has often been central to debates over how digital asset markets should be supervised in the United States.

Terms & Concepts
  • CFTC: U.S. regulator overseeing derivatives markets
  • CLARITY Act: Proposed legislation to set crypto market rules
  • regulating by enforcement: Using lawsuits instead of clear rulemaking