Bernstein: SEC and CFTC to pursue aggressive rulemaking after CLARITY Act fails
- —The U.S. Senate did not pass the CLARITY Act on Tuesday; a revote is unlikely
- —The SEC proposed rules: token issuance up to $5 million over 4 years and up to $75 million over 12 months
- —Bernstein expects a token taxonomy, DeFi developer protections and exemptions for stock tokenization
- —SEC Chairman Atkins said he is ready to regulate digital assets without legislation
Why it matters: SEC and CFTC rules could replace legislation and accelerate institutional inflows into crypto without waiting for Congress.
Source: CryptoHamster