CFTC (U.S. derivatives regulator) Chairman: Congress Near Enacting Digital Asset Market Clarity Act
According to the CFTC Chairman, Congress is close to passing the Digital Asset Market Clarity Act, with plans for a tailored framework to support domestic digital asset market growth.
Summary
The CFTC Chairman stated that Congress is nearing passage of the Digital Asset Market Clarity Act, aimed at establishing a tailored regulatory framework for U.S. digital asset markets. He emphasized that the framework will support healthy domestic market development through clear rules and oversight.
Terms & Concepts
- CFTC (U.S. derivatives regulator): An independent U.S. agency that oversees futures, options, and swaps markets.
- Digital Asset Market Clarity Act: A legislative proposal intended to create a tailored regulatory framework for digital asset markets in the United States.
- Digital asset: A cryptographic token representing value recorded and transferred on a blockchain network.