US Crypto Regulation Pivot: Clarity Act Stalls as SEC and CFTC Rush to Fill Void with New Rules
The US Clarity Act's Senate setback leaves its passage unlikely this year. In a swift regulatory shift, the SEC and CFTC acted within 48 hours, introducing a new trading exemption for tokenized securities and undisclosed derivatives market rules, while the Fed proposed strict stablecoin reserve requirements, signaling a move from legislative to agency-led oversight.
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