The 3 fights that decide the CLARITY Act: Ethics, DeFi, and $1.35B in yield
12 Articles
12 Articles
Newest version of crypto Clarity Act may drop as soon as next week, sources say
After a long stretch without breakthroughs in the crypto market structure bill, insiders say a new draft may emerge in a final push for late-July action — though it still lacks bipartisan buy-in.
The 3 fights that decide the CLARITY Act: Ethics, DeFi, and $1.35B in yield
The most consequential crypto bill in American history missed its July 4 signing target and sits on the Senate calendar with no floor vote scheduled. The reason is not procedure. It is three specific, unresolved fights: the President’s $1.4 billion…
New Clarity Act draft could land as soon as next week: CoinDesk
Senate negotiators are preparing a new Clarity Act draft as crypto market structure legislation faces a narrow July window and unresolved Democratic demands. The post New Clarity Act draft could land as soon as next week: CoinDesk appeared first on Crypto Briefing.
CLARITY Act Faces CFTC Vacancy Fight Before Senate Floor Vote
TLDR: The CLARITY Act faces a fresh political hurdle as White House officials and Senate Democrats dispute vacant SEC and CFTC seats. The CFTC vacancies matter since the crypto bill could give the agency broad authority over spot digital commodity markets. White House officials said they requested Democratic nominee names for SEC and CFTC seats but had not received a response. Senate talks now include nominations, ethics language, DeFi rules, a…
CFTC Chief Cautions That a Stalled Clarity Act Would Force Regulators to Shape All Crypto Rules
The chairman of the CFTC, Michael Selig, warned that regulators could end up “writing all the rules” for digital assets if Congress fails to pass the Clarity Act before the August recess. In statements to Fox Business, Selig urged lawmakers to move forward with the crypto market structure bill, which would divide digital asset oversight between the CFTC and the Securities and Exchange Commission. The House of Representatives passed the legislati…
The president of the CFTC of the United States, Michael Selig, warned that regulators will end up “writing all the rules” for digital assets if Congress does not approve the Clarity Act. The project seeks to define the crypto market structure and divide competencies between the CFTC and the SEC, but their progress in the Senate has been complicated by political disputes and disagreements about DeFi, illicit finance and ethical rules about crypto…
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