CFTC Chairman: Ready to implement the Clarity Act during Trump's term.

PANews reported on March 4th that Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), reiterated his call for the swift passage of the Clarity Act in a post on the X platform. He stated that President Trump is right and the Clarity Act must pass. He emphasized the crucial importance of establishing a future-oriented digital asset market structure, and the CFTC is eager to implement the act under this historic administration. Selig stated that Trump is ushering in a golden age for America, and this legislation is a key part of ensuring America remains a global leader in innovation; now is the time to act.

Selig also revealed that the CFTC will set clearer standards for the types of prediction markets that are self-certified, and plans to release a high-level proposed rule preview (ANPRM) in the near future to lay the foundation for more comprehensive prediction market rules.