The CFTC is moving ahead with new crypto market rules after the CLARITY Act failed to pass in the Senate.
The agency has sent a new proposal to the White House for review. The details are not public yet. It is still unclear which crypto assets and platforms could be covered.
The SEC has also introduced a five year exemption for some platforms working with tokenized stocks. Both agencies say they want to build clearer crypto rules using their current authority.
The CFTC also gave limited relief to some passive software providers. This may allow certain crypto wallet interfaces to connect users with regulated derivatives markets without registering as introducing brokers.
The relief comes with conditions around risk disclosures and recordkeeping.
For now the next step is review and public comment before any new CFTC rules can take effect.
$ZEC $SOL $P
The agency has sent a new proposal to the White House for review. The details are not public yet. It is still unclear which crypto assets and platforms could be covered.
The SEC has also introduced a five year exemption for some platforms working with tokenized stocks. Both agencies say they want to build clearer crypto rules using their current authority.
The CFTC also gave limited relief to some passive software providers. This may allow certain crypto wallet interfaces to connect users with regulated derivatives markets without registering as introducing brokers.
The relief comes with conditions around risk disclosures and recordkeeping.
For now the next step is review and public comment before any new CFTC rules can take effect.
$ZEC $SOL $P
