【Market Update】The U.S. crypto market structure bill, the CLARITY Act, failed to pass the Senate. CFTC Chair Mike Selig said he would no longer wait for Congress and would use his existing statutory authority to establish basic rules for the crypto market directly.
Selig said, “We’re going to use the laws we have to fight this battle. We have clear authority, and we’re going to use it.” Senator Lummis noted that Senate Democrats voted against the bill.
#CFTC #CLARITY #Regulation
(Source: X)
⚠️Risk Warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; proceed with caution.
Selig said, “We’re going to use the laws we have to fight this battle. We have clear authority, and we’re going to use it.” Senator Lummis noted that Senate Democrats voted against the bill.
#CFTC #CLARITY #Regulation
(Source: X)
⚠️Risk Warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; proceed with caution.