ME News reports, October 12 (UTC+8): Initiatives by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) may drive the expansion of regulated on-chain trading and boost institutional participation. Legal experts say the regulatory framework is expected to advance gradually, but gaps remain for the U.S. Congress to address. Crypto industry executives believe that the failure of the Clarity Act to pass could create opportunities for decentralized finance (DeFi), while established exchanges may continue to maintain a competitive edge. (Source: ME)