Bloomberg
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CFTC's Selig: Hopeful CLARITY Act Can Pass by July 4
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CFTC Chairman Michael Selig expressed optimism that Congress can pass the CLARITY Act crypto legislation by July 4, and discussed the agency's oversight of prediction markets and insider trading enforcement.
CFTC's Selig: Hopeful CLARITY Act Can Pass by July 4
Commodity Futures Trading Commission Chairman Michael Selig weighed in on prediction markets, insider trading enforcement and the outlook for crypto legislation. He said Congress is "at the finish line" on a compromise crypto market structure bill and hopes it can reach the president's desk by July 4. Selig defended the CFTC's oversight of prediction markets, applauding exchanges like Kalshi for tightening user requirements and stressing the agency's "zero tolerance" policy on insider trading an
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