Summary
- The head of the US Commodity Futures Trading Commission (CFTC) said the 'CLARITY Act,' a market structure bill for virtual assets (cryptocurrencies), is nearing enactment.
- The CLARITY Act is designed to clarify the criteria for classifying digital assets as securities or commodities and to delineate supervisory authority between the US Securities and Exchange Commission (SEC) and the CFTC.
- The market sees whether the bill is passed as an important turning point in establishing a regulatory framework for virtual assets in the United States.
The head of the US Commodity Futures Trading Commission (CFTC) said the CLARITY Act—a market structure bill for virtual assets (cryptocurrencies)—is nearing enactment.
According to Watcher Guru on the 17th (local time), CFTC Chair Michael Selig said in an interview with Fox Business that the virtual-asset market structure bill is "just before being enacted into law."
The CLARITY Act aims to clarify the criteria for distinguishing whether digital assets are securities or commodities, and to delineate supervisory authority between the US Securities and Exchange Commission (SEC) and the CFTC. The bill has recently been under review in both the Senate and the House of Representatives.
The market views whether the bill passes as a key turning point in establishing a regulatory framework for virtual assets in the United States.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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