CFTC chief says pending crypto bill will make US the 'gold standard' for digital asset regulation

CFTC Chairman Michael Selig said the market structure bill moving through Congress would make the United States the "gold standard" for crypto regulation, arguing that clear rules are long overdue for digital asset markets.

Selig said the U.S. has lacked clear digital asset oversight and that new legislation would provide "token taxonomy" and defined jurisdiction to move markets forward.

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