White House Rebuts Democrats Over CFTC Commissioner Vacancy on July 10 Amid Clarity Act Debate

According to The Block on July 10, the White House sent a letter to Senate leadership rebuting Democratic criticism over the Trump administration's failure to appoint CFTC commissioners. The CFTC currently has only one commissioner in office—Republican chair Michael Selig—out of five authorized seats. The White House stated it had requested Democratic nominees for SEC and CFTC positions but received no response, accusing Democrats of obstructing appointments. Democrats previously criticized the administration for attempting to monopolize CFTC control. The White House also cited a recent Supreme Court ruling affirming the president's authority to remove independent agency leaders. If passed, the Clarity Act would establish the CFTC as the primary regulator of digital assets.
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