The Digital Asset Market Clarity Act could hand the CFTC the most significant expansion of regulatory authority in the agency’s history. Under the bill, the CFTC would gain exclusive jurisdiction over spot market transactions for digital commodities. It includes Bitcoin and Ethereum, while closing a regulatory gap. That has left large portions of the U.S. crypto market operating without clear federal oversight.

CLARITY Act Could Supercharge CFTC Power

The CLARITY Act could hand the CFTC sweeping authority over large parts of the US crypto market, per New York Times.

The debate intensified after reports claimed officials who questioned Polymarket, Crypto(.)com, and Gemini linked plans… pic.twitter.com/Q1I0sTpZPB

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