Armstrong: can't wait for Congress, SEC and CFTC rules are the next path
- —Armstrong: the CLARITY Act failed due to political ethics amendments, not market issues
- —The SEC and CFTC can set rules without Congress under existing powers
- —Banks are criticized for trying to limit stablecoin yields through regulators
- —Armstrong's forecast: Bitcoin could reach $300,000–400,000 by 2030
Why it matters: Shifting U.S. crypto regulation from Congress to the SEC and CFTC will speed up rulemaking but creates the risk of reversal under a new administration.
Source: TokenPost