World · Regulation · United States ·
CFTC to draft crypto rules if bipartisan CLARITY Act stalls
CFTC Chair Mike Selig directed staff to develop crypto market regulation independently if the bipartisan CLARITY Act fails to pass. The agency stated it will not delay regulatory clarity on developer protections and other crypto policies.
Why it matters for the crypto market
Signals that regulatory structure for crypto is likely to proceed either through Congress or by agency action, reducing uncertainty around future market rules.
Source: CoinDesk
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