🇺🇸 CLARITY ACT: DELAYED, NOT NECESSARILY DEAD
The crypto market structure bill still does have potential to go forward but with an extremely tight window, JPMorgan said today.
The Senate procedural vote ended:
❌ 49–50
🎯 60 votes required
“Given the motion to reconsider, it will be up to Senate leadership whether they can take this back to the floor,” JPMorgan analysts concluded. “There’s not much Senate time left this year.”
Where should the crypto industry look going forward?
SEC and CFTC rulemaking
Possibility for crypto "innovation exemption"
Future congressional action
Agency rules are far easier to amend/repeal than laws passed by Congress.
Crypto Regulation Is Still A Big Market Theme📌
#ClarityAct #CryptoRegulation #Bitcoin #Ethereum #SEC
The crypto market structure bill still does have potential to go forward but with an extremely tight window, JPMorgan said today.
The Senate procedural vote ended:
❌ 49–50
🎯 60 votes required
“Given the motion to reconsider, it will be up to Senate leadership whether they can take this back to the floor,” JPMorgan analysts concluded. “There’s not much Senate time left this year.”
Where should the crypto industry look going forward?
SEC and CFTC rulemaking
Possibility for crypto "innovation exemption"
Future congressional action
Agency rules are far easier to amend/repeal than laws passed by Congress.
Crypto Regulation Is Still A Big Market Theme📌
#ClarityAct #CryptoRegulation #Bitcoin #Ethereum #SEC
