Regulation· ★★★★· neutral·

SEC and CFTC chiefs say they will push regulation after CLARITY Act failure

  • —The US Senate rejected the CLARITY Act on September 16, failing to reach 60 votes
  • —Atkins: the SEC will act decisively within its powers
  • —Selig: the CFTC is ready to issue rules for new financial areas
  • —Bernstein: stablecoin regulation remains under the GENIUS Act
Why it matters: Crypto rules will be written not by Congress but by the SEC and CFTC — this will speed up regulation but increase the risk of legal disputes.
Source: CoinPost
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