World · Regulation · United States ·
US cryptocurrency offering rules delayed; Galaxy cuts CLARITY Act odds to 10%
Galaxy Digital lowered its forecast for passage of the CLARITY Act to 10%, citing unresolved ethics and stablecoin yield issues, a narrow Senate window in September, and a prior SEC cancellation of a regulatory meeting on the rules.
Why it matters for the crypto market
The likelihood of Congress passing the primary crypto regulatory framework has plummeted, leaving uncertainty around the SEC's ability to establish clear rules for token offerings and stablecoin compliance.
Source: cointelegraph.com
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