The Clarity Act is proposed legislation intended to divide oversight of digital assets between US regulators and establish clearer rules for the industry. CFTC Chair Michael Selig cautioned that if Congress fails to advance the bill, regulatory agencies will be left to craft crypto rules on their own. Such an outcome could mean the framework governing digital assets is shaped through agency rulemaking rather than legislation passed by lawmakers. Selig's remarks underscore ongoing uncertainty about how crypto will be regulated in the United States and which body will hold primary authority. Industry participants have pushed for statutory clarity, arguing that clear congressional guidance would provide more stability than rules written by regulators. The comments highlight the stakes tied to the bill's progress and the potential consequences of continued legislative delay for market participants and oversight agencies alike.
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