{"id":49332,"date":"2026-07-08T17:55:34","date_gmt":"2026-07-08T17:55:34","guid":{"rendered":"https:\/\/cryptd.in\/cftc-chair-says-clarity-act-is-so-close-as-august-deadline-nears\/"},"modified":"2026-07-08T17:55:34","modified_gmt":"2026-07-08T17:55:34","slug":"cftc-chair-says-clarity-act-is-so-close-as-august-deadline-nears","status":"publish","type":"post","link":"https:\/\/cryptd.in\/hu\/cftc-chair-says-clarity-act-is-so-close-as-august-deadline-nears\/","title":{"rendered":"CFTC Chair Says Clarity Act Is \u2018So Close\u2019 As August Deadline Nears"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nCFTC Chair Says Clarity Act Is \u2018So Close\u2019 As August Deadline Nears<\/a><\/p>\n

<\/div>\n

Commodity Futures Trading Commission Chairman Michael Selig said the Clarity Act<\/a> remains within reach, days after Congress missed its July 4 target to pass the crypto market-structure bill. \u201cWe\u2019re so close. We have to get this done,\u201d Selig told<\/a> Fox Business host Maria Bartiromo.\u00a0<\/p>\n

Some analysts give the measure even odds<\/a> of passage before the August 7 recess.<\/p>\n

The bill would divide oversight of digital assets between the CFTC and the Securities and Exchange Commission, a split the industry has sought for years. The House passed the legislation last summer. The Senate has yet to hold a floor vote.<\/p>\n

Selig, a Trump appointee confirmed in December<\/a>, backed the Clarity Act effort as a matter of national competitiveness. He backed the effort as a matter of national competitiveness.\u00a0<\/p>\n

\u201cIt\u2019s critical that we have a federal standard for crypto assets,\u201d he said, pointing to a patchwork of state laws that, in his account, has hurt U.S. business. He described the goal as certainty, clarity, and consumer protection, and called the measure bipartisan. \u201cWe have to get it across the line,\u201d he said.<\/p>\n

Asked about the holdup, Selig pointed to scope. Democrats have pressed for ethics language addressing President Trump, his family, and their crypto ventures, a demand he characterized as a distraction.\u00a0<\/p>\n

\u201cThere\u2019s a little bit of creep into ethics and other issues, and they\u2019re just derailing the real opportunity to have a bipartisan bill,\u201d he said.\u00a0<\/p>\n

Democrats have framed the Clarity Act provisions as consumer protection. The bill has also drawn disputes over illicit-finance rules and over a reopened piece of the GENIUS Act<\/a>, the stablecoin law, that concerns whether exchanges may pay yield<\/a> on stablecoin balances.<\/p>\n

Senator Cynthia Lummis, who leads the Senate Banking Committee\u2019s digital assets subcommittee, has said negotiators aim to release bill text and hold a vote this month.<\/p>\n

The committee advanced the measure in a 15-9 vote<\/a>, with two Democrats joining Republicans. Lawmakers have warned that a failure to act before the recess could delay the next opening for years.<\/p>\n

Selig on prediction markets, Iran beyond Clarity Act<\/h2>\n

Bartiromo also asked Selig about prediction markets, where Kalshi and Polymarket processed a combined $24 billion in volume over the past year.<\/p>\n

Selig said the CFTC<\/a> has proposed rules for the sector and has sued nine states in a fight over jurisdiction. On markets during the U.S. strikes on Iran near the Strait of Hormuz, he said crypto held its ground and served as a hedge, while the agency worked to keep oil and derivatives markets orderly.<\/p>\n

For now, the Clarity Act\u2019s fate rests on released text, a Senate vote, and a calendar that leaves a few weeks before the August recess.<\/p>\n

This post CFTC Chair Says Clarity Act Is \u2018So Close\u2019 As August Deadline Nears<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine CFTC Chair Says Clarity Act Is \u2018So Close\u2019 As August Deadline Nears Commodity Futures Trading Commission Chairman Michael Selig said the Clarity Act remains within reach, days after Congress missed its July 4 target to pass the crypto market-structure bill. \u201cWe\u2019re so close. We have to get this done,\u201d Selig told Fox Business […]<\/p>\n","protected":false},"author":1,"featured_media":49334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-49332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nCFTC Chair Says Clarity Act Is \u2018So Close\u2019 As August Deadline Nears - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/hu\/cftc-chair-says-clarity-act-is-so-close-as-august-deadline-nears\/\" \/>\n<meta property=\"og:locale\" content=\"hu_HU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CFTC Chair Says Clarity Act Is \u2018So Close\u2019 As August Deadline Nears - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine CFTC Chair Says Clarity Act Is \u2018So Close\u2019 As August Deadline Nears Commodity Futures Trading Commission Chairman Michael Selig said the Clarity Act remains within reach, days after Congress missed its July 4 target to pass the crypto market-structure bill. \u201cWe\u2019re so close. 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