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Trending UpSnapshot Window: 2026-07-08 18:50 UTC · ← Back to Crypto Overview
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JUST IN: CFTC Chair Mike Selig on the Clarity Act: "We're so close. We have to get this done." Source: Bitcoin Magazine [Spoken audio]: We're so close. We have to get this done. It's absolutely critical that we have a federal standards for crypto assets And right now we've dealt with a patchwork of state laws and regulations and it's really been bad for business here in the United States We want to get this done so that we have certainty clarity and consumer protection should be a bipartisan issue We've got to get it across the line. Is it that the Democrats are Stopping the progress because of ethics issues and trying to get specific language in there about President Trump and his family in crypto Well, there's certainly some mission creep beyond what's really critical here. We want to set standards and protect consumers, protect investors, and that's something that Democrats and Republicans should be able to get behind. I do think there's a little bit of this creep into ethics and other types of extraneous issues, and they're just derailing this real opportunity to have a bipartisan bill in place. Otherwise, you end up with regulators like me writing all the rules, and I'm sure all the Democrats would prefer to get something in place that's bipartisan. I mean
