Panel on crypto regulation surfaced sharp divides on Capitol Hill's appetite for rollback. Former CFTC Commissioner Brian Quintenz says bipartisan backing for existing SEC/CFTC rules will make unwinding them tough—contradicting former NY Governor Cuomo's earlier take at the same event.
Key points:
• Prediction markets headed to Supreme Court. Panelists say CFTC should regulate, not states.
• Hyperliquid and DeFi platforms should operate legally in the U.S., or activity moves offshore.
• Dubai cited as model: 50+ licensed firms, clear rules, ecosystem engagement.
Panel included Kraken CEO Arjun Sethi, Vara Dubai Vice-Chair Deepa Raja Carbon, and Hyperliquid's Jeff Chervinsky.
Key points:
• Prediction markets headed to Supreme Court. Panelists say CFTC should regulate, not states.
• Hyperliquid and DeFi platforms should operate legally in the U.S., or activity moves offshore.
• Dubai cited as model: 50+ licensed firms, clear rules, ecosystem engagement.
Panel included Kraken CEO Arjun Sethi, Vara Dubai Vice-Chair Deepa Raja Carbon, and Hyperliquid's Jeff Chervinsky.
