Key Highlights Analyst Beni alleges wash trading on Kalshi’s ether perpetual market, citing repetitive $5,500 trade sizes accounting for up to 58% of volume across four days as “undeniable proof” of manipulation. The allegations center on a CFTC-filed rebate schedule allowing Self-Clearing Members to trade at net-zero fees via a 0.3-basis-point maker rebate offsetting a ...
Key Highlights Strategy founder Michael Saylor contends the Senate’s failure to advance the Clarity Act benefits the digital asset industry by avoiding restrictive legislative provisions. Despite the legislative setback, the SEC and CFTC are independently advancing rulemaking, including conditional relief for onchain trading of tokenized securities. The Clarity Act fell one vote short of cloture ...
Key Highlights The Clarity Act would have granted the Commodity Futures Trading Commission (CFTC) full supervisory authority over crypto commodity spot markets, including Bitcoin and Ethereum trading. The legislation aimed to define regulatory buckets for blockchain-native assets, curb illicit finance, and provide limited legal protections for decentralized finance (DeFi) software developers. With the bill stalled, ...
Key Highlights The CFTC has submitted a two-part crypto regulation proposal (RIN 3038-AF80) to the White House OIRA, outlining frameworks for “Regulation Crypto Asset Transactions” and “Regulation Crypto Asset Markets.” The proposal introduces a new “crypto asset markets” exchange category for spot trading digital commodities like Bitcoin and XRP under CFTC oversight, though final rules ...
Key Highlights BitMine Chairman Tom Lee asserts cryptocurrency market rally can continue despite CLARITY Act failing to advance in U.S. Senate Lee emphasizes real user and investor demand outweighs single regulatory outcomes for crypto market trajectory Ethereum remains preferred institutional blockchain platform; switching to alternatives creates unnecessary technical and operational risks CLARITY Act Stalls But ...
Key Highlights The Clarity Act, a leading legislative effort to establish a comprehensive U.S. cryptocurrency market framework, failed a procedural Senate vote this week. The CFTC submitted a new regulatory proposal to the White House Office of Management and Budget on September 17, now under interagency review by OIRA. CFTC Chair Michael Selig directed staff ...
Key Highlights CFTC Chair Mike Selig signals readiness to finalize rules for digital asset derivatives markets following Wednesday’s commission vote. The CFTC issued a no-action letter allowing software providers to connect users to regulated derivatives markets without registering as introducing brokers. Relief covers passive software enabling market viewing and order submission through crypto wallets, with ...
Key Highlights The CFTC has submitted a proposed regulatory framework for crypto asset transactions and markets to the White House Office of Management and Budget for review. The move comes after the CLARITY Act stalled in the Senate, prompting the agency to act under its existing authorities. The proposal could establish a new “crypto asset ...
Key Highlights Moderate Senate Democrats led by Kirsten Gillibrand and Ruben Gallego pledged renewed bipartisan talks on the CLARITY Act after a 49-50 procedural vote failure. Prediction markets assign less than a 30% probability of passage within two years, while JPMorgan analysts see a narrow but existing legislative window. SEC Chair Paul Atkins and CFTC ...
Key Highlights Kevin O’Leary predicts the Clarity Act will resurface in the Senate as early as the first quarter of next year despite failing to secure the 60 votes needed to advance on Tuesday. The Shark Tank investor characterized the 49- vote outcome as expected, stating the bill’s chances of passing were “zero” in the ...
The Senate failed to advance the CLARITY Act in a closely watched vote yesterday, prompting an immediate shift in industry focus toward regulatory action by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). With comprehensive market-structure legislation stalled, attention is turning to what the agencies can achieve under existing authority. ...
Senate Stalls CLARITY Act, Amplifying Crypto Regulatory Uncertainty The U.S. Senate failed to advance the CLARITY Act today, a development that injects fresh uncertainty into the digital asset regulatory landscape. According to a report from Fireblocks, the legislative stall threatens to disrupt the independent rulemaking timelines of both the Securities and Exchange Commission (SEC) and ...