LATEST: 🇺🇸 CFTC Chair Michael Selig says the CLARITY Act is the best way to prevent "another Gary Gensler from running a rogue campaign of lawfare" against the crypto industry.

What happened

CFTC Chair Michael Selig said the CLARITY Act would be the best way to stop a future “rogue campaign of lawfare” like that he attributes to former SEC Chair Gary Gensler against the crypto industry.

Confirmed

Global impact / market context

If the CLARITY Act is adopted, it could create clearer rules for crypto firms, limiting costly legal battles and giving investors more confidence that regulatory enforcement will be predictable rather than aggressive.

Analyst inference

The crypto sector has faced heightened scrutiny after several high‑profile enforcement actions by regulators. Selig’s comment signals a possible shift toward legislative clarity, contrasting with recent aggressive oversight under the SEC.

Analyst inference

What to watch

1. Progress of the CLARITY Act through Congress – watch for sponsor statements, committee hearings, and any voting activity that could move the bill toward enactment. Proposed
2. CFTC’s enforcement priorities under Selig – monitor announcements or actions that show whether the agency will rely on the CLARITY Act or continue existing enforcement approaches. Analyst inference
3. Crypto industry’s legal and lobbying response – track filings, public statements, or coalition efforts that aim to shape the bill’s language or oppose it. Analyst inference

Evidence

• x.com