CFTC Chair Mike Selig announced that a market structure framework for cryptocurrencies will be established regardless of the passage of the CLARITY Act. This statement indicates that regulatory developments for digital assets in the U.S. are advancing through agency actions with or without congressional legislation. The CFTC and SEC are already coordinating on a framework to oversee crypto assets, with the CFTC focusing on commodity-style assets and derivatives. Market participants view this development as potentially supportive of XRP’s price.
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