Franklin Crypto's Perkins: Regulators Delivered Clarity Without Congress
- —CLARITY Act stalled in the Senate on Sept. 15 with a 49-50 vote, short of the 60 needed
- —SEC issued a five-year innovation exemption for trading tokenized U.S. stocks on public blockchains
- —CFTC said it will write its own crypto rules if Congress fails to act
- —Bitcoin closed above its 50-week moving average for the first time in roughly 45 weeks
Why it matters: Institutions now have regulatory clarity from agencies rather than statute, but the SEC exemption expires in five years and CFTC guidance is non-binding, leaving long-term rules uncertain.
Source: Unchained