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>>House agricultural leaders are pressing Trump to appoint personnel to vacant CFTC positions as the CLARITY Act vote draws near.

House agricultural leaders are pressing Trump to appoint personnel to vacant CFTC positions as the CLARITY Act vote draws near.

crypthub

about 1 hour ago

Bipartisan Call for Full CFTC

House Agriculture Committee Chairman Glenn Thompson and Ranking Member Angie Craig urged President Trump to nominate a complete slate of CFTC commissioners. The agency currently operates with only Chairman Michael Selig, lacking a quorum for major decisions. Lawmakers stress that a staffed commission is essential before the CLARITY Act potentially expands its remit. Without additional commissioners, the CFTC cannot adequately prepare for broader crypto oversight.

CLARITY Act Overview

The CLARITY Act would grant the CFTC exclusive jurisdiction over digital commodities such as Bitcoin and Ethereum. It also clarifies the SEC’s role in regulating securities, aiming to end regulatory ambiguity. If passed by both chambers, the bill creates a single authoritative framework for virtual assets. Industry observers view it as a watershed for U.S. crypto policy.

Implications for the Crypto Industry

A full commission can draft rules, issue guidance, and enforce compliance, reducing the current gray‑zone uncertainty. This clarity could attract more institutional investors and support innovation. The bipartisan push signals rare congressional consensus on crypto regulation. Failure to staff the CFTC may leave the market vulnerable to fragmented oversight.

Urgency and Next Steps

With the CLARITY Act vote approaching, the administration faces pressure to fill the vacancies promptly. lawmakers argue that timely appointments are critical for the agency’s readiness. The outcome will influence whether the United States remains a competitive hub for digital‑asset development.