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橙子Joyce
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Landmark bill rejected, crypto market faces major negative pressure.
On September 15 in Eastern Time, the U.S. Senate voted to block the advancement of the “Clarity Act” (the Digital Asset Market Structure Clarity Act). This dealt a significant blow to the crypto industry’s efforts to establish a comprehensive market-structure framework. The final vote was 50 in favor and 49 against—far below the 60 votes required to overcome procedural obstacles.
Although the bill went through more than a year of negotiations, the two parties ultimately failed to bridge their differences on key provisions. A major reason cited by Democratic lawmakers is the bill’s ongoing controversy over conflict-of-interest provisions involving Trump’s cryptocurrency business interests. The bill would create a major loophole in nearly a century of securities laws—allowing non-crypto companies to put assets on-chain to evade investor protections, and enabling banks to use customer deposits for crypto lending, trading derivatives, operating nodes, and selling related software.
The bill aims to provide a clearer regulatory framework for banks, broker-dealers, and asset management institutions to participate in digital-asset trading and product development, and is widely seen as the most systematic attempt at crypto legislation in recent years.
The bill’s failure to pass further prolongs a regulatory vacuum in the crypto market, leaving the industry with greater uncertainty in areas such as compliance pathways, capital allocation, and institutionalization timelines.
The failure of this vote may mean the crypto industry will have to wait until next year for clearer rules.
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are already moving forward with rulemaking in the digital-asset space. Even if Congress does not pass a clarity bill, those rules will still provide guidance for investment institutions.
The fundamentals of the crypto industry are stronger than ever. Billions of dollars of capital are moving on-chain; leading payment companies and financial institutions are adopting blockchain technology; and entrepreneurs around the world continue to develop new financial products—driving capital into the internet era. We will continue to work toward establishing clear regulatory rules that both protect consumers and provide room for innovation and building for entrepreneurs.
😁 It’s a wise move to invest regularly in BTC, ETH, BNB, and SOL!
$BTC
$BNB
On September 15 in Eastern Time, the U.S. Senate voted to block the advancement of the “Clarity Act” (the Digital Asset Market Structure Clarity Act). This dealt a significant blow to the crypto industry’s efforts to establish a comprehensive market-structure framework. The final vote was 50 in favor and 49 against—far below the 60 votes required to overcome procedural obstacles.
Although the bill went through more than a year of negotiations, the two parties ultimately failed to bridge their differences on key provisions. A major reason cited by Democratic lawmakers is the bill’s ongoing controversy over conflict-of-interest provisions involving Trump’s cryptocurrency business interests. The bill would create a major loophole in nearly a century of securities laws—allowing non-crypto companies to put assets on-chain to evade investor protections, and enabling banks to use customer deposits for crypto lending, trading derivatives, operating nodes, and selling related software.
The bill aims to provide a clearer regulatory framework for banks, broker-dealers, and asset management institutions to participate in digital-asset trading and product development, and is widely seen as the most systematic attempt at crypto legislation in recent years.
The bill’s failure to pass further prolongs a regulatory vacuum in the crypto market, leaving the industry with greater uncertainty in areas such as compliance pathways, capital allocation, and institutionalization timelines.
The failure of this vote may mean the crypto industry will have to wait until next year for clearer rules.
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are already moving forward with rulemaking in the digital-asset space. Even if Congress does not pass a clarity bill, those rules will still provide guidance for investment institutions.
The fundamentals of the crypto industry are stronger than ever. Billions of dollars of capital are moving on-chain; leading payment companies and financial institutions are adopting blockchain technology; and entrepreneurs around the world continue to develop new financial products—driving capital into the internet era. We will continue to work toward establishing clear regulatory rules that both protect consumers and provide room for innovation and building for entrepreneurs.
😁 It’s a wise move to invest regularly in BTC, ETH, BNB, and SOL!
$BTC
$BNB
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