Cointelegraph reported that Republican Chairman Glenn Thompson and Democratic Ranking Member Angie Craig of the U.S. House Agriculture Committee urged President Donald Trump to nominate all commissioners for the Commodity Futures Trading Commission (CFTC). This is due to the need for a large-scale regulatory overhaul if the CLARITY Act passes. Currently, the CFTC operates with only one commissioner, Chairman Michael Selig. The CLARITY Act expands the CFTC's supervisory authority over virtual assets and is expected to have a significant impact on the entire industry if it proceeds to a Senate vote.
