The United States clarified matters clearly: it will not wait for the Clarity Act.
The American sheikhwoman blocked the law with a 49-50 outcome.
After 48 hours, the Securities and Exchange Commission approved trading of U.S. stocks that are encoded on the series.
Then the Commodity Futures Trading Commission and Wall Street were informed to prepare for the huge collective symbol.
And this month, the $114 trillion Wall Street giant’s Tokenization service is set to be launched.
Here’s everything that happened last after the vote:
1. The CFTC sent its new rules for trading crypto and its markets to the White House
2. The SEC proposed new custody rules for crypto for advisors and funds
3. The SEC has approved the first Bitcoin- and Ether-backed leveraged 3x ETF
4. The SEC brought together the NYSE, Nasdaq, Citadel Securities, and Robinhood to plan 24-hour stock trading
5. The Treasury Department is said to be considering a push to stabilize crypto dollars abroad
6. The White House blamed big banks for killing the project
7. The New York Stock Exchange has signed a deal to bring tokenized shares to 44 million crypto accounts
8. BlackRock, the DTCC, Visa, and Mastercard have become proof-of-consistency investigators on Circle’s new Arc blockchain
9. Community banks file a lawsuit to stop allowing crypto companies trust licenses from being granted by the Federal government
10. Bitcoin ETF funds attracted $3 billion in 9 consecutive days
And what’s next:
- DTCC, which holds more than $114 trillion in assets, is set to launch its tokenization service in October
- US stocks are scheduled to trade 23 hours a day starting December 6
- The Clarity Act may return after Senator Tillis submitted a request for reconsideration
But one thing is clear: crypto moves forward, with or without clarity legislation.
