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 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 ...
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. ...
CFTC Opens Three Insider Trading Investigations Into Polymarket The Commodity Futures Trading Commission has launched at least three previously unreported investigations into suspected insider trading on the prediction market platform Polymarket, according to a report from WIRED. The probes target event contracts tied to presidential pardons issued by former President Joe Biden, Iran-related geopolitical outcomes, ...