Mike Selly, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), described the failure of the Senate's Clarity Bill procedural vote as a "disappointing outcome," and stated that he would push for the establishment of regulations related to the cryptocurrency market by utilizing existing legal authority. According to BlockBeats, Chairman Selly said, "The American people deserve regulatory clarity, legal certainty, and consumer protection in the cryptocurrency market. President Trump has stated his policy to build a future-oriented cryptocurrency market regulatory framework, and the CFTC will continue its work within the authority granted by existing laws. The U.S. is, and will continue to be, the center of global cryptocurrency."
