Nine regulatory actions on crypto-assets have been taken by US agencies in six weeks, covering the entire lifecycle of digital assets. The SEC proposed a custody framework on Oct. 1, the CFTC registered Coinbase Clearing LLC as a derivatives clearing organization, and four measures are already in effect. The Senate rejected the CLARITY Act on Sept. 15 with a 49-50 vote, leaving the boundary between SEC and CFTC authority unresolved. Bitcoin trades near $84,600, and Citi raised its 12-month forecast to $113,000 from $82,000, citing ETF inflows and gradual adviser and brokerage allocation growth.
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