US Senator: Only Congress Can Grant CFTC Authority Over Digital Asset Spot Markets, Clarity Act Is the Only Viable Path
On July 14, US Senator Cynthia Lummis stated that no administrative rule can grant the Commodity Futures Trading Commission (CFTC) regulatory authority over the digital asset spot market, nor can it provide new sanctions authority against counterparties, nor protect developers from improper prosecution. Only Congress can do these things, and the Clarity Act is the only viable way to achieve these goals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japanese Finance Minister: Sanae Takaichi is not a "reflationist" and highly respects the independence of the central bank
The Japanese Finance Minister stated that Ms. Komei herself has repeatedly requested her to clarify this position to overseas investors. This statement attempts to dispel the market’s perception that the Komei government interferes with the central bank or pursues a loose monetary policy. Last Wednesday, two committee members nominated by Komei opposed a Bank of Japan interest rate hike, further reinforcing the market’s view that the Japanese government tends to delay rate increases.
HIFI Raises $37M Series A to Build Settlement Rails for Tokenized Money
Crypto prices
More
