Regulation· ★★★★· neutral·

CLARITY Act to set rules for the spot crypto market

  • —The cloture vote is scheduled for Sept. 15 at 2:15 p.m. ET
  • —Lummis amendments dated Sept. 10 address not fully decentralized DeFi protocols
  • —DeFi rules are limited to spot and cash transactions in digital commodities
  • —The bill clarifies rules for credit unions in digital assets
Why it matters: The SEC/CFTC framework and requirements for DeFi protocols will determine where and how the spot crypto market is regulated.
Source: Bitcoin Insider
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