US CFTC Chair supports the CLARITY Act, emphasizing the necessity of legislation

ChainCatcher reported that Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated on the X platform that innovators and market participants in the crypto industry need clear regulatory expectations, and the "CLARITY Act" will establish a comprehensive regulatory framework for digital assets. The future development of the U.S. crypto market requires a certain regulatory environment, and the "CLARITY Act" can provide "forward-looking" digital asset regulatory rules. If the United States wants to maintain its global leadership in cryptocurrencies, this bill is “must-pass legislation.”

The "CLARITY Act" aims to further clarify the division of regulatory responsibilities for digital asset markets and to establish a framework for crypto asset trading, market structure, and the authorities of regulatory agencies. Supporters believe the bill will help reduce regulatory uncertainty and promote business and capital development in the U.S. market. Mike Selig has repeatedly emphasized the need to support digital asset innovation with clear and enforceable regulatory rules, while also ensuring market safety and investor protection. His latest statement further reflects the trend of U.S. regulators promoting clearer rules for the crypto industry.