Regulation· ★★★· neutral·

Ex-CFTC chief: CLARITY Act failure won't stop US crypto regulation

  • —Giancarlo: the CLARITY Act failure will not stop the "march of innovation" in the US
  • —SEC and CFTC heads intend to build a regulatory system within current authorities
  • —The CLARITY Act failed to secure 60 votes in a Senate procedural vote
  • —The main path for regulation is SEC and CFTC rulemaking, not Congress
Why it matters: Without legislation, crypto rules will be set by the SEC and CFTC, increasing the risk of regulatory reversals when power changes hands.
Source: Bloomingbit
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