‘On the Cusp of Law’: CLARITY Act Nears Final Approval, CFTC Chair Says

The U.S. crypto industry stands at the brink of a regulatory milestone as the Digital Asset Market Clarity Act approaches final approval. Michael Selig, Chair of the Commodity Futures Trading Commission, emphasized the urgency to "future-proof our statutory framework for crypto," aiming for long-term stability resistant to political shifts.

The bill has cleared critical hurdles, including a 294–134 House vote in July 2025 and Senate Agriculture Committee advancement in January 2026. Senate negotiations now focus on delivering the legislation to the President within months. Selig's declaration—"We’re going to get this thing across the line"—signals imminent enactment.

Market participants anticipate the Clarity Act could end years of regulatory ambiguity, unlocking institutional adoption. Clear rules WOULD provide exchanges, token issuers, and digital-asset businesses with the consistency needed to accelerate mainstream participation.