Behnam: Without CLARITY Act, CFTC Cannot Properly Oversee Spot Crypto
- —CLARITY Act failed a Senate procedural vote 49-50, short of the 60-vote threshold
- —Behnam likened CFTC spot oversight under old powers to 'Scotch tape and paper clips'
- —He wants clear criteria dividing CFTC and state oversight of prediction markets
- —Protecting customer assets in crypto bankruptcies is another priority he cited
Why it matters: With no market-structure law, the US still lacks a single spot-crypto regulator, prolonging uncertainty for exchanges and investors.
Source: Bloomingbit
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