CFTC Chair Says the CLARITY Act Is “So Close” as the Senate Clock Runs Down

By Isaac • July 8, 2026 5:26 pm •

CFTC Chairman Michael Selig is telling Congress that the crypto market-structure bill is close enough to finish before lawmakers leave Washington.

The bill is the CLARITY Act, and the timing is now the story. Congress already missed its July 4 target, the August recess is coming, and the Senate still has not held a floor vote.

That turns the story into a countdown.

If the bill clears, the United States gets a statutory framework for spot digital commodities, exchanges, brokers, disclosures, software developers, consumer protections, and the SEC-CFTC boundary. If it slips again, regulators keep filling the gaps on their own.

JUST IN: 🇺🇸 CFTC Chair on passing the Clarity Act: “We’re so close.” 👀