SEC chair says agency will act within its legal authority on crypto clarity after Democrats block CLARITY Act; CFTC says crypto rules still coming under existing authority

The SEC chair said the agency will move decisively within its legal authority to give American investors and entrepreneurs certainty, whether or not the CLARITY Act passes, after Democrats blocked the bill's progress. The CFTC said crypto rules are still coming under existing authority, with derivatives and venue rules not requiring Congress, while spot market legislation still does. Senate Majority Leader John Thune said he would like to see the CLARITY Act revived, and Senator Durbin, who voted against advancing it, warned crypto is "a bubble that will burst."

Detected & updated continuously · Source: Nebula