CFTC Chair Mike Selig Says CLARITY Act Could Position U.S. as Global Crypto Capital - Tekedia

The Senate Banking Committee advanced the CLARITY Act, a major crypto bill that would divide oversight between the CFTC and SEC.

The proposal also adds stablecoin and DeFi rules while strengthening investor protections.

CFTC Chair Mike Selig and industry leaders, including Coinbase’s Brian Armstrong, welcomed the move.

The bill still needs full Senate passage and House reconciliation before becoming law, but supporters say it could boost U.S. crypto leadership.