Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig said Wednesday (July 8) that “we’re so close” and that it is critical to have a federal standard for crypto assets rather than the current patchwork of state laws and regulations.

Speaking on the Fox Business show “Mornings with Maria,” Selig said: “We want to get this done so we have certainty, clarity and consumer protection. It should be a bipartisan issue. We’ve got to get it across the line.”

Selig said there has been some “mission creep” in negotiations over the bill, with talk of ethics and other extraneous issues crowding out critical…