After CLARITY failure, Saylor urges push for 50M users
- —CLARITY vote on Sept. 15: 49 for, 50 against, 11 votes short of advancing
- —Saylor proposes a goal of 50 million U.S. users before returning to Congress
- —CLARITY would have banned yield for simply holding stablecoins while allowing rewards for activity
- —The SEC granted temporary relief for tokenized-equity platforms on Sept. 17, and the CFTC sent rules to the White House for review
Why it matters: Betting on existing SEC and CFTC authority instead of legislation speeds up product launches but leaves the market without a permanent regulatory framework.
Source: crypto.news