Saylor: After CLARITY Act Fails, SEC and CFTC Will Write Crypto Rules
- —Senate rejected cloture on the CLARITY Act: 49 against 50, 11 votes short
- —Saylor: progress should not wait for Congress, banks will expand BTC custody
- —SEC proposed Regulation Crypto Assets: up to $5 million in tokens over 4 years
- —CFTC is preparing market structure rules under its current authority
Why it matters: The shift toward rulemaking by the SEC and CFTC could accelerate institutional access to bitcoin without new legislation.
Source: Cryptopolitan