US House ag leaders urge Trump to fill CFTC seats ahead of CLARITY Act vote

The Republican chairman and Democratic ranking member of the U.S. House Committee on Agriculture, Glenn Thompson and Angie Craig, have urged President Donald Trump to nominate a full slate of commissioners for the Commodity Futures Trading Commission (CFTC), Cointelegraph reported. They cited the need for a major regulatory overhaul if the CLARITY Act is passed. The CFTC is currently operating with only a single commissioner, Chairman Michael Selig. The CLARITY Act would expand the CFTC's authority over virtual assets and is expected to have a significant impact on the industry if it proceeds to a Senate vote.