CFTC Lets Brokers Put Client Funds Into Tokenized Assets
CFTC updated their crypto guidance, the fourth move by federal agencies to cover the regulatory void since the CLARITY Act vote failed.
The CLARITY Act crypto market-structure bill moves through the US Senate, with disputes over ethics provisions delaying a floor vote.
CFTC updated their crypto guidance, the fourth move by federal agencies to cover the regulatory void since the CLARITY Act vote failed.
The CFTC sent proposed crypto-market regulations to the White House as federal agencies act following the CLARITY Act’s Senate failure.
The CLARITY Act fell 11 short in the Senate. No Democrat crossed the aisle, and ethics was still the sticking point.
Senate Democrats counter the GOP’s CLARITY Act offer as ethics disputes threaten today’s cloture vote and could delay the crypto bill.
Senate Republicans released the final version of the CLARITY Act two days before the cloture vote, with White House concessions in the ethics provision that has been the main point of friction all summer.
Senate Republicans presented an updated CLARITY Act days before the cloture vote. The ethics provision remains unchanged, and 77 state bankers associations sent a letter opposing the stablecoin rewards.
President Trump was joined by industry CEOs to urge the Senate to pass the CLARITY Act, day three in a coordinated four-day run pushing crypto in the US.
The U.S. Senate leaves for August recess without a vote on the CLARITY Act. Thune says the bill will be queued up first thing when Senators return on September 14th.
Goldman Sachs CEO David Solomon publicly backs the CLARITY Act after a year of bank lobbying against it, as Senate Republicans aim for a floor vote before the August recess.
The CLARITY Act text now contains the ethics provision that was the last major point of contention. But there are still issues with it, namely who enforces it.