Clarity Act Stalled; CFTC Submits Cryptocurrency Draft to White House
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 ...