The SEC and CFTC are moving forward independently on digital asset regulations after the U.S. Senate failed on September 15 to pass the Digital Asset Market Clarity Act (H.R. 3633), rejecting it by a 49-50 vote. The SEC is advancing a proposed Regulation Crypto Assets with flexible registration exemptions of up to $5 million and $75 million, while the CFTC has updated its accounting rules for tokenized assets and submitted a comprehensive regulatory proposal to the White House. The Senate vote failed amid disagreements over government officials’ crypto holdings and stablecoin regulation. Financial markets remain optimistic: Bitcoin is trading in the $84,000-$86,000 range, with XRP and NEAR holding near local highs.
Source: Read the original article
