The interesting part of the #CLARITYAct setback is what happened around it.
#Bitwise argues that stablecoins, exchanges, tokenization and revenue-focused tokens have found more room to operate under the rules that remain in place. Meanwhile, the #SEC has already moved forward with temporary relief for certain tokenized-stock trading venues.
So the market isn’t only reacting to what Congress passed or didn’t pass. It’s also reacting to what existing rules leave open. That makes the next phase less about one bill and more about how quickly regulation evolves around actual crypto use cases.
$ETH $BTC #SECProposesCryptoCustodyRules
#SECApproves3xLongCryptoCommodityETPs
#Bitwise argues that stablecoins, exchanges, tokenization and revenue-focused tokens have found more room to operate under the rules that remain in place. Meanwhile, the #SEC has already moved forward with temporary relief for certain tokenized-stock trading venues.
So the market isn’t only reacting to what Congress passed or didn’t pass. It’s also reacting to what existing rules leave open. That makes the next phase less about one bill and more about how quickly regulation evolves around actual crypto use cases.
$ETH $BTC #SECProposesCryptoCustodyRules
#SECApproves3xLongCryptoCommodityETPs
