U.S. CFTC Chair: Ready to implement the CLARITY Act during Trump's term

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Deep Tide TechFlow News, March 4 — The Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Mike Selig, posted on X platform once again urging the swift passage of the CLARITY Act. He stated that Trump’s stance on pushing the CLARITY Act through is correct and that establishing a forward-looking digital asset market structure is crucial. The CFTC is prepared to implement the bill during Trump’s term, considering this legislation a key step to ensure the U.S. maintains its leadership in global innovation. “Now is the time to take action.”

Selig also revealed that the CFTC will set clearer standards for self-certified prediction markets and plans to release a high-level proposed rule notice (ANPRM) in the near future to lay the groundwork for more comprehensive prediction market regulations.

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