PANews reported on March 4th that Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), reiterated his call for the swift passage of the Clarity Act in a post on the X platform. He stated that President Trump is right and the Clarity Act must pass. He emphasized the crucial importance of establishing a future-oriented digital asset market structure, and the CFTC is eager to implement the act under this historic administration. Selig stated that Trump is ushering in a golden age for America, and this legislation is a key part of ensuring America remains a global leader in innovation; now is the time to act.

Selig also revealed that the CFTC will set clearer standards for the types of prediction markets that are self-certified, and plans to release a high-level proposed rule preview (ANPRM) in the near future to lay the foundation for more comprehensive prediction market rules.