🇺🇸 The U.S. Senate did not move the Clarity Act forward on September 21, leaving cryptocurrency regulation primarily under the control of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). With legislative efforts at a standstill, stablecoin platforms have no clear rules regarding the possibility of offering rewards that could compete with bank deposits. This regulatory uncertainty could benefit other jurisdictions, particularly the United Arab Emirates, which attract cryptocurrency companies thanks to more explicit regulatory frameworks.
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