Garlinghouse: after CLARITY Act failure, optimism persists via SEC and CFTC
- —The Senate rejected a procedural vote on the CLARITY Act 49-50 on September 15
- —Garlinghouse expects rules from the SEC (Atkins) and CFTC (Selig) instead of legislation
- —The Ripple CEO accused Democrats of politics winning over good policy
- —Ripple says demand, clients and global presence remain intact
Why it matters: The shift of US crypto regulation toward agency rules from the SEC and CFTC will determine market conditions without new legislation.
Source: Bitcoin.com