CFTC Vacancies Stall Clarity Act as White House Blames Democrats
2026-07-10 08:06

Woofun AI reports that the White House has written to Senate leadership regarding Democratic criticism of the Trump administration’s failure to fill CFTC commissioner roles. With only Chairman Michael Selig serving among five seats, the agency’s capacity to regulate crypto assets under the potential Clarity Act is limited. The administration claims it requested nominee lists from Democrats without response, accusing them of obstruction. Conversely, Democrats allege Trump seeks unilateral control over the commission. The White House further referenced a recent Supreme Court decision affirming presidential authority to remove independent agency heads.

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Michael Selig
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