美参议院拟在8月休会前推动Clarity法案表决，道德条款与银行游说成关键障碍
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US Senator Warren questions the CFTC's ability to regulate crypto and prediction markets.
PANews reported on June 10th that, according to The Block, U.S. Senator Elizabeth Warren wrote to Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, questioning the agency's ability to assume greater regulatory responsibility for crypto and prediction markets. Warren pointed out that the CFTC has reduced its staff by approximately 25% and enforcement activities have declined significantly, making any expansion of its responsibilities a "disastrous recipe." She criticized the CFTC's handling of cases involving Gemini, Polymarket, and [unspecified case name], noting that officials attempting to raise concerns about these companies have been sidelined. Selig, however, insists that prediction markets and event trading contracts fall under the CFTC's "exclusive jurisdiction," and that the agency has even sued several states attempting to ban prediction market platforms.
U.S. Senator Warren wrote to Federal Reserve Governor Waller, demanding a halt to the rollout of regional Federal Reserve reform plans.
Odaily Odaily that U.S. Senator Elizabeth Warren has asked Federal Reserve Governor Christopher Waller to halt his efforts to reform the operational structure of the Fed's 12 regional branches. As the ranking Democrat on the Senate Banking Committee, Warren wrote to Waller on Wednesday, arguing that her proposed reforms to the Federal Reserve system might conflict with federal law and suggesting that they could undermine the Fed's independence. Although Waller, as chair of the Federal Reserve Board of Governors' Committee on Federal Reserve Affairs, possesses certain oversight authority, these regional branches were granted a high degree of autonomy from the outset, giving them control over their own day-to-day operations. "This proposal doesn't appear to be a serious reform of the Federal Reserve system, but rather an almost blatant attempt to appease Trump, who is seeking greater control over regional branch presidents," Warren wrote in the letter. "I request that you immediately cease all work related to this proposal and provide Congress with more information." (Bloomberg)
Anti-human trafficking organizations say the Clarity Act could weaken accountability for crypto platforms.
PANews reported on June 27th, citing Coindesk, that the Coalition Against Trafficking in Persons (COPR) is urging lawmakers to reconsider Section 604 of the Clarity Act, arguing that the clause could make it more difficult to hold certain crypto platform developers accountable, especially if their technology is used to facilitate human trafficking. COPR Executive Director Katie Boller Gosewisch stated that the clause could allow certain third-party platform developers to "hide" behind exemptions from liability if their software is used to facilitate human trafficking-related payments.
The U.S. House Financial Services Committee held two hearings in July, focusing on Federal Reserve policy and the Clarity Act.
PANews reported on June 23 that, according to Cointelegraph, the U.S. House Financial Services Committee will hold a hearing on July 14 regarding the Federal Reserve's semi-annual monetary policy report. The committee will also hold a hearing in New York on July 17, focusing on the potential impact of the Clarity Act on digital assets and financial innovation.
U.S. Senator Warren called on the U.S. Securities and Exchange Commission (SEC) to postpone SpaceX's IPO.
PANews reported on June 10 that U.S. Senator Warren called on the U.S. Securities and Exchange Commission (SEC) to postpone SpaceX's IPO.
The White House held a meeting on Wednesday to address concerns that certain provisions of the Clarity Act could make it more difficult to combat illicit finance.
PANews reported on June 9th that, according to crypto journalist Eleanor Terrett, three sources familiar with the matter revealed that U.S. government officials will meet with law enforcement groups at the White House on Wednesday to address concerns that certain provisions of the Clarity Act, including developer protection provisions derived from the Blockchain Regulatory Certainty Act, could increase the difficulty of combating illicit finance. This issue, along with the ethics provisions, is one of the major hurdles that must be addressed before the bill reaches a full Senate vote. Several Democrats have stated they will not support the bill unless law enforcement concerns are adequately addressed. This meeting follows broader lobbying efforts by the crypto industry, including holding town hall meetings and inviting former law enforcement officials now working in the crypto sector to participate in the lobbying.