U.S. Commodity Futures Trading Commission Chair Mike Selig said the agency will move ahead with crypto market rulemaking if Democratic opposition continues to keep the CLARITY bill from advancing. Speaking at the inaugural Innovation Advisory Committee meeting on Aug. 21, Selig said the CFTC is prepared to act within its existing authority to put a clearer regulatory framework in place for crypto markets. The remarks were framed as a response to the slow pace of congressional legislation and as an effort to give market participants more regulatory certainty. The update was reported by Techub and attributed to @WuBlockchain.
U.S. Commodity Futures Trading Commission Chair Mike Selig said the agency will move forward with crypto market rules if Democratic opposition continues to stall the CLARITY bill.
Selig made the remarks at the inaugural Innovation Advisory Committee meeting on Aug. 21. He said the CFTC is prepared to act within its existing authority to ensure a clearer regulatory framework for crypto markets.
The move was described as a response to the slow pace of the congressional legislative process and as an effort to provide regulatory certainty for market participants.
The update was published by Techub and attributed to @WuBlockchain.
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