4 weeks ago
4
The letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, shared by journalist Eleanor Terrett on X, reads like routine Washington finger-pointing. It is not. It is the surface of a staffing fight that might sit directly in the path of the CLARITY Act, the crypto market structure bill waiting on the Senate floor.
Key Takeaways
- The White House says it asked Democrats for SEC and CFTC names before their June 10 letter.
- CFTC Chairman Michael Selig has been the agency’s sole commissioner since December.
- Commissioner appointments are among the demands blocking CLARITY’s seven needed Democratic votes.
- CLARITY hands the CFTC spot crypto jurisdiction with a 360-day rulemaking deadline.
English (US)