The Zhitong Finance App learned that after the comprehensive crypto regulation proposal “Clarity Act” (Clarity Act) ran aground in the Senate, US federal and state regulators are scrambling to fill the digital asset regulatory vacuum. Just two days after the Clarity Act failed to advance in the Senate, the US Securities and Exchange Commission (SEC) expanded its crypto regulatory rulebook with existing powers. The agency issued an order to create temporary channels for certain tokenized stock transactions, moving the financial market one step closer to round-the-clock trading. On the same day, the US Commodity Futures Trading Commission (CFTC) submitted a crypto rulemaking proposal to the White House for review. Details of the proposal were not disclosed, but an announcement from the White House Office of Management and Budget (OMB) confirmed that the relevant rules are still pending review.

The Zhitong Finance App learned that after the comprehensive crypto regulation proposal “Clarity Act” (Clarity Act) ran aground in the Senate, US federal and state regulators are scrambling to fill the digital asset regulatory vacuum. Just two days after the Clarity Act failed to advance in the Senate, the US Securities and Exchange Commission (SEC) expanded its crypto regulatory rulebook with existing powers. The agency issued an order to create temporary channels for certain tokenized stock transactions, moving the financial market one step closer to round-the-clock trading. On the same day, the US Commodity Futures Trading Commission (CFTC) submitted a crypto rulemaking proposal to the White House for review. Details of the proposal were not disclosed, but an announcement from the White House Office of Management and Budget (OMB) confirmed that the relevant rules are still pending review.