Regulation· ★★★★★· bullish·

CFTC and SEC prepare rules after CLARITY Act passes House

  • —CLARITY Act passed the House of Representatives by 294 votes to 134
  • —CFTC will gain jurisdiction over spot digital commodity markets
  • —SEC will retain oversight of investment contracts and primary sales
  • —The law requires segregated custody of client funds at exchanges
Why it matters: The first comprehensive federal crypto regulatory regime in the U.S. is taking shape, which will reduce uncertainty for exchanges and issuers.
Source: Crypto Briefing
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