Crypto regulation
Tracked since Mon 21 Sept
This week’s briefing
Tech Path Crypto Investing reported Hunter Biden’s warning that Democrats should not equate crypto with Trump; CoinDesk Daily said Democratic control of Congress could make the Clarity Act harder to pass.
Unchained said the CFTC’s position on single-stock perpetuals drew lawsuits from Cboe and Citadel, while Crypto 101 described uncertainty over the Clarity Act and future SEC and CFTC oversight.
Daily Crypto Report says the current Clarity Act expires with this Congress, and any replacement would need Republican support despite Democrats winning both chambers.
Scott Melker reports that Democrats began drafting an updated Clarity Act that would expand the SEC’s role, reduce CFTC authority and add ethics restrictions.
Justin Slaughter told Unchained he doubts a Democratic-controlled lame-duck Congress will pass the Clarity Act, while Mike Katz urged crypto advocates to build relationships with incoming lawmakers.
Scott Milker said Democratic control of Congress could stall the Clarity Act and bring scrutiny of Trump’s crypto activities.
The Wolf Of All Streets said crypto interests lost nearly every meaningful race despite heavy spending, while the Clarity Act’s outlook remained uncertain.
On Tech Path Crypto Investing, Kevin Weissacki expected the CFTC, SEC and OCC to keep advancing crypto policy through rulemaking even if the Clarity Act fails.
Hunter Biden told CoinDesk that partisan politics is eclipsing crypto’s potential to serve refugees and people excluded from banking.