Regulation· ★★★★· neutral·

After CLARITY Act failure, crypto rulemaking shifts to SEC and CFTC

  • —SEC introduced a five-year innovation exemption for tokenized equity trading on Sept. 17
  • —SEC proposed allowing state trust banks to custody crypto and funds to self-custody on Oct. 1
  • —CFTC opened comment on retail leveraged crypto trading rules on Oct. 5
  • —Experts say comprehensive federal oversight still requires congressional legislation
Why it matters: Without federal legislation, legal uncertainty persists and may entrench the advantage of incumbents such as Coinbase and Kraken.
Source: Bloomingbit
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