Svmuu News: Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), has called on the U.S. Congress to pass the Clarity Act as soon as possible. In an interview with Fox Business, he stated that if Congress fails to pass the relevant legislation, regulatory agencies such as the CFTC will ultimately have to “develop all cryptocurrency regulations.” Selig said, “We must pass this legislation to establish clear regulatory standards and protect consumers.” (The Block)