House Committee Leaders Urge Trump to Nominate CFTC Members, Citing CLARITY Act
House Agriculture Committee leaders have requested that President Trump fully staff the CFTC to address upcoming regulatory demands from the potential CLARITY Act.Summary
House Agriculture Committee Chair Glenn Thompson and ranking member Angie Craig have formally requested that President Donald Trump nominate a full panel of commissioners for the Commodity Futures Trading Commission (CFTC). The lawmakers emphasize that a fully staffed commission is essential to handle significant regulatory challenges, specifically the rulemaking processes that would be required if the Digital Asset Market Clarity Act (CLARITY) becomes law. With the CLARITY Act advancing in the Senate, legislators are concerned that the current lack of leadership at the CFTC—where Michael Selig currently serves as the sole commissioner—could hinder the agency's ability to effectively oversee and regulate digital asset markets.
(Source：Cointelegraph)