As uncertainty grows around the fate of the crypto market structure bill (CLARITY Act), newly appointed Commodity Futures Trading Commission (CFTC) Chair Michael Selig is making a strong case for its passage.
Selig argues that the legislation moving through Congress could position the United States as the global benchmark — or “gold standard” — for crypto regulation, addressing what he described as years of regulatory ambiguity that have held the industry back.
Clear Crypto Rules Could Arrive Within MonthsHe explained that the proposed crypto market structure legislation is designed to introduce long‑needed clarity by defining a “token taxonomy” and clearly outlining which regulators have authority over different parts of the crypto market.
For the first time, he added, developers and investors may soon have a framework that clearly defines what qualifies as a security, what does not, and how digital assets should be treated under US law.
Looking ahead, Selig said he believes the market structure bill could reach President Donald Trump’s desk within the next couple of months. He also praised the president’s leadership and vocal support of the crypto sector, suggesting that executive backing could help push the legislation across the finish line.
Senate Democrats Plan Closed‑Door MeetingThe meeting, expected to take place this week, would mark the first member‑level Democratic caucus discussion on the issue since the Senate Banking Committee postponed its markup last month.
Featured image from OpenArt, chart from TradingView.com
