CFTC Commissioner Says CLARITY Act Is Essential to Keeping US a Crypto Hub
Summary
- A commissioner at the US Commodity Futures Trading Commission, the CFTC, emphasized the need for swift passage of the CLARITY Act.
- Selig said the CLARITY Act is essential for the US to maintain its status as a global cryptocurrency hub.
- He said the US needs a clear digital-asset market regulatory framework to preserve its global competitiveness.
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Mike Selig, a commissioner at the US Commodity Futures Trading Commission, emphasized the need for swift passage of the CLARITY Act.
Cointelegraph reported on July 10 that Selig described the CLARITY Act as essential for the US to maintain its status as a global cryptocurrency hub.
He added that the US needs a clear regulatory framework for digital-asset markets to preserve its global competitiveness.
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