CFTC and SEC Double Down on Crypto After Clarity Act Defeat
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Bernstein expects ‘aggressive’ rulemaking from SEC, CFTC, following CLARITY Act failure
Bernstein said the federal agencies will publish new regulations to compensate for the time lost negotiating the CLARITY Act, after its cloture vote failed on Tuesday.
Treasury Secretary Bessent urges CLARITY Act passage after Senate returns
Secretary Scott Bessent warned that failing to pass the CLARITY Act would send a “troubling signal” about America’s leadership in the digital asset industry.
Former SEC, CFTC Officials Urge Lighter Touch to Bring Crypto Perps Trading Onshore
With the Clarity Act stuck in recess limbo, the agencies are pressing ahead on crypto derivatives and custody, as former officials warn that overly burdensome rules will keep a $90 trillion perps market offshore.
Coinbase-Backed Crypto Group Warns of Midterms Payback After Clarity Act Fails
The Coinbase-backed Stand With Crypto will add senators’ votes to its scorecards as it rallies crypto voters ahead of November’s elections.
Crypto stocks slide after CLARITY Act fails to advance in Senate
Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on crypto-linked equities, with Bitcoin miners and treasury companies also declining.
Crypto Reacts: Bitcoin Slides as Clarity Act Fails to Clear Senate Vote
The Senate fell short of the 60 votes needed to advance the crypto industry's marquee bill Tuesday. Bitcoin dropped as the no tally mounted, but the move stopped well short of panic.