TD Cowen: SEC and CFTC rules more durable than orders, but both lag behind legislation
Sep 21 2026 14:38 UTC - Editorial Team
➤ TD Cowen highlights that SEC and CFTC crypto regulatory actions are less durable than congressional legislation, making them vulnerable to reversal.
➤ The failure of the CLARITY Act leaves a regulatory vacuum filled by agency orders, which lack the long-term certainty of statutory law.
➤ While these agency actions offer immediate positive pathways for tokenized securities trading and derivatives access, market participants should view them as provisional due to regulatory uncertainty.
Read more at: https://rwatimes.io/articles/cryptobriefing-td-cowen-sec-and-cftc-rules-more-durable-than-orders-but-both-lag-behind-legislation-1001381545?utm_source=binance
Sep 21 2026 14:38 UTC - Editorial Team
➤ TD Cowen highlights that SEC and CFTC crypto regulatory actions are less durable than congressional legislation, making them vulnerable to reversal.
➤ The failure of the CLARITY Act leaves a regulatory vacuum filled by agency orders, which lack the long-term certainty of statutory law.
➤ While these agency actions offer immediate positive pathways for tokenized securities trading and derivatives access, market participants should view them as provisional due to regulatory uncertainty.
Read more at: https://rwatimes.io/articles/cryptobriefing-td-cowen-sec-and-cftc-rules-more-durable-than-orders-but-both-lag-behind-legislation-1001381545?utm_source=binance