The comment suggests the CFTC (U.S. derivatives regulator) believes it can move ahead with regulatory work even if the CLARITY Act does not become law.
CFTC Chair Selig said the agency is "ready to go" with regulations even if the CLARITY Act does not pass. The remark indicates the CFTC (U.S. derivatives regulator) believes it has a path to continue regulatory work without waiting for the legislation, a signal that could matter for market participants tracking the pace and shape of U.S. oversight.