๐จ๐บ๐ธ THE CLARITY ACT FAILEDโBUT THE CFTC ISNโT WAITING! โ๏ธ๐ฅ
One of Americaโs most important crypto bills failed to advance in the Senate this week, leaving the industry without the comprehensive market framework it had been waiting for. โ๐
But the regulatory battle is far from over. ๐โก
The CFTCโCommodity Futures Trading Commissionโhas reportedly submitted a new crypto-market proposal to the White House for review. ๐๏ธ๐
The CFTC is the U.S. federal regulator responsible for overseeing derivatives and commodity markets. It treats Bitcoin and certain other digital assets as commodities. โฟ๐
What we know so far:
๐ Submitted on September 17
๐ Currently under interagency review
๐ค Full details have not yet been disclosed
๐ฏ Expected to address crypto transactions and digital-asset markets
โ๏ธ Could use the CFTCโs existing legal authority
CFTC Chairman Michael Selig had already instructed his staff to explore how the agency could formalize the crypto-market structureโeven without new legislation from Congress. ๐๐
This could mark a major regulatory shift:
โ Congress fails to deliver clarity
โก The CFTC moves independently
๐๏ธ Crypto rules advance through regulatory action
โ๏ธ Questions remain over the division of power between the CFTC and SEC
๐ Future administrations could potentially change the rules
The big question is no longer whether U.S. crypto regulation is comingโbut who will write the rules. ๐ฅ๐บ๐ธ
Will fast CFTC action finally bring regulatory clarityโor trigger another power struggle with the SEC? ๐ค๐
#CFTC #CLARITYAct
โ ๏ธ This is not investment advice.DYOR
$NEAR
$G
$ADA
One of Americaโs most important crypto bills failed to advance in the Senate this week, leaving the industry without the comprehensive market framework it had been waiting for. โ๐
But the regulatory battle is far from over. ๐โก
The CFTCโCommodity Futures Trading Commissionโhas reportedly submitted a new crypto-market proposal to the White House for review. ๐๏ธ๐
The CFTC is the U.S. federal regulator responsible for overseeing derivatives and commodity markets. It treats Bitcoin and certain other digital assets as commodities. โฟ๐
What we know so far:
๐ Submitted on September 17
๐ Currently under interagency review
๐ค Full details have not yet been disclosed
๐ฏ Expected to address crypto transactions and digital-asset markets
โ๏ธ Could use the CFTCโs existing legal authority
CFTC Chairman Michael Selig had already instructed his staff to explore how the agency could formalize the crypto-market structureโeven without new legislation from Congress. ๐๐
This could mark a major regulatory shift:
โ Congress fails to deliver clarity
โก The CFTC moves independently
๐๏ธ Crypto rules advance through regulatory action
โ๏ธ Questions remain over the division of power between the CFTC and SEC
๐ Future administrations could potentially change the rules
The big question is no longer whether U.S. crypto regulation is comingโbut who will write the rules. ๐ฅ๐บ๐ธ
Will fast CFTC action finally bring regulatory clarityโor trigger another power struggle with the SEC? ๐ค๐
#CFTC #CLARITYAct
โ ๏ธ This is not investment advice.DYOR
$NEAR
$G
$ADA
