CFTC Chair Mike Selig testified before the House Committee on Agriculture, confirming the CLARITY Act is nearing completion and may soon reach President Trump’s desk. The bill targets regulatory uncertainty in digital asset markets, aiming to unify oversight and clarify rules. Selig said clearer guidance will help millions of users facing regulatory confusion. Ripple and Coinbase executives back the bill, which aligns with CFT (Countering the Financing of Terrorism) goals. Passage of the CLARITY Act could set a key precedent for U.S. crypto rules.

CFTC Chair Says CLARITY Act Could Soon Reach Trump’s Desk

Momentum is building in Washington as hopes rise for a long-awaited breakthrough in U.S. crypto regulation.

Market analyst Diana notesthat CFTC Chair Mike Selig told lawmakers he expects the CLARITY Act could soon land on President Trump’s desk, a sign that Congress may finally be nearing agreement on a unified crypto market structure framework.

During testimony before the House Committee on Agriculture, Selig expressed confidence that the legislation is nearing completion, saying he is “optimistic that Congress will soon send this landmark legislation to the President’s desk.”

His remarks highlighted increasing bipartisan momentum toward establishing clearer rules for digital asset markets.

The CLARITY Act is being framed as a key step toward ending years of uncertainty over which U.S. regulators oversee crypto markets, while creating a more stable and predictable framework for businesses.

Selig welcomed the bipartisan push in Congress, saying clearer rules would help the millions of Americans using crypto every day by cutting through regulatory confusion and overlap.

CLARITY Act Gains Powerful Industry and Policy Momentum

The CFTC Chair stressed that clearer regulation won’t soften enforcement. He reaffirmed that the agency will maintain a tough stance on market abuse, with fraud, manipulation, and insider trading remaining top priorities.

“We will find you and the full force of the law will come to bear,” he warned, making it clear that tighter rules will not offer shelter to bad actors.

Momentum behind the CLARITY Act is accelerating as both policymakers and industry leaders push for clearer crypto regulation.

Ripple CEO Brad Garlinghouse, alongside Treasury-linked voices aligned with SEC Chair Scott Bessent, recently urged Congress to fast-track the bill, stressing that delays risk driving innovation offshore. Coinbase CEO Brian Armstrong also echoed similar callsdespite previously being adamant, underscoring a growing consensus within the industry for well-defined rules.

This rare alignment between regulators and major crypto firms signals a shift in tone from fragmentation to coordination. While details on enforcement and scope are still being debated, the shared demand for clarity reflects a maturing sector prioritizing stability, investor protection, and institutional confidence.

If the CLARITY Act moves forward as anticipated, it could become a defining milestone in U.S. crypto policy, reshaping the regulatory landscape for digital assets for years ahead.