【The bill failed 49 to 50 in Congress; the SEC and CFTC simply wrote 9 rules themselves🏛️⚡】
Group chat: 🚀 加入X先生的粉丝群聊跟进
The voting result from Congress was 49 to 50—just short by 11 votes, missing the 60-vote threshold. The CLARITY Act is effectively dead this year. The whole industry has been waiting for over a year, but it couldn’t clear this hurdle. Yet U.S. regulators haven’t stopped moving forward.🗳️
The SEC and CFTC acted together. At least 9 new rules were rolled out in total. SEC Chair Atkins went first. He said they wouldn’t wait for Congress and would push ahead anyway. CFTC Chair Selig followed suit. Both said existing authorities are enough.📜
On September 17, they issued an innovation exemption first. The term is provisionally set at five years, with conditions. It’s a special opening for tokenized securities platforms, allowing compliant trading of U.S. stocks. That same day, the CFTC also loosened things up: developers no longer need to register as brokers.⏳
Market reaction was actually very direct. The moment news broke that the bill got stuck, Bitcoin ETFs saw a single-day outflow of $450 million. That’s the largest daily outflow since June. Just FBTC alone accounted for $214.8 million, and IBIT followed with $161.7 million.📉
Looking back further to March of this year: the two agencies jointly issued guidance on token classifications. Both BTC and ETH are treated as digital commodities. XRP, SOL, and DOGE are treated the same way. Franklin Templeton launched a tokenized fund, and ARK even moved ARK Vx onto Ethereum.🚀
But this whole play has a ceiling. Rules that haven’t gone through legislation aren’t very solid—switch chairs and they could be overturned. The innovation exemption is still temporary. There are also limits on trading volume. Market-structure legislation could be delayed until 2030.⚠️
📌 With a Congress shutdown and regulators rushing ahead, near-term positives and long-term risks are coming down together.
How far do you think this kind of regulatory workaround can go?
#SEC将明确链上募资规则 #CFTC向白宫提交两项事件合约规则提案
Group chat: 🚀 加入X先生的粉丝群聊跟进
The voting result from Congress was 49 to 50—just short by 11 votes, missing the 60-vote threshold. The CLARITY Act is effectively dead this year. The whole industry has been waiting for over a year, but it couldn’t clear this hurdle. Yet U.S. regulators haven’t stopped moving forward.🗳️
The SEC and CFTC acted together. At least 9 new rules were rolled out in total. SEC Chair Atkins went first. He said they wouldn’t wait for Congress and would push ahead anyway. CFTC Chair Selig followed suit. Both said existing authorities are enough.📜
On September 17, they issued an innovation exemption first. The term is provisionally set at five years, with conditions. It’s a special opening for tokenized securities platforms, allowing compliant trading of U.S. stocks. That same day, the CFTC also loosened things up: developers no longer need to register as brokers.⏳
Market reaction was actually very direct. The moment news broke that the bill got stuck, Bitcoin ETFs saw a single-day outflow of $450 million. That’s the largest daily outflow since June. Just FBTC alone accounted for $214.8 million, and IBIT followed with $161.7 million.📉
Looking back further to March of this year: the two agencies jointly issued guidance on token classifications. Both BTC and ETH are treated as digital commodities. XRP, SOL, and DOGE are treated the same way. Franklin Templeton launched a tokenized fund, and ARK even moved ARK Vx onto Ethereum.🚀
But this whole play has a ceiling. Rules that haven’t gone through legislation aren’t very solid—switch chairs and they could be overturned. The innovation exemption is still temporary. There are also limits on trading volume. Market-structure legislation could be delayed until 2030.⚠️
📌 With a Congress shutdown and regulators rushing ahead, near-term positives and long-term risks are coming down together.
How far do you think this kind of regulatory workaround can go?
#SEC将明确链上募资规则 #CFTC向白宫提交两项事件合约规则提案
