CFTC Chair Selig Backs Fast-Track CLARITY Act, Agency Ready to Implement Under Trump

CFTC Chairman Mike Selig said on March 4 the agency is prepared to implement the CLARITY Act during Donald Trump's term and supports its rapid passage, according to his post on X. He called Trump's support for the legislation correct and described a forward-looking digital asset market structure as essential for maintaining U.S. leadership in global innovation. Selig also said the CFTC will define clearer standards for prediction markets that may use self-certification and plans to publish an Advance Notice of Proposed Rulemaking to shape broader regulation of prediction markets.