Interesting contrast this week 👀
CLARITY Act failed in the Senate (49–50). Days later, regulators moved anyway:
• CFTC cleared software devs to connect users to registered futures firms — no broker registration needed
• SEC gave temporary relief to tokenized securities venues using permissioned AMMs
L2/DeFi leading: Starknet +17%, Arbitrum +17%. BTC down just 1.5% in its weakest month, still on track for its first quarterly gain in a year.
Regulators aren't waiting on Congress.

$BTC

$ETH

#CFTC #CryptoRegulation #Layer2