Regulation· ★★★★· neutral·

Crypto industry pivots to US regulators after CLARITY Act failure

  • —Senator Tom Tillis introduced a proposal to revisit the failed CLARITY Act vote
  • —The industry is divided on Congress's chances of passing the law in the remaining time
  • —Companies are shifting to engagement with the SEC and CFTC, bypassing the legislative process
Why it matters: Without the CLARITY Act, crypto rules will be determined by regulators, increasing uncertainty for the market and holders.
Source: Cointelegraph
More on this
Regulation · 21:53
SEC and CFTC draw the DeFi line: control, not branding, decides regulation
 Regulation · 21:51
CLARITY Act failure hits Coinbase, Circle and Strategy as shares fall 5–10%
 Regulation · 19:00
South Korea approves blockchain payment pilot for government spending with six banks