The chairmen of both U.S. market regulators, the SEC and CFTC, said they will write crypto rules without waiting for the CLARITY Act, a day after the Senate rejected the bill 49-50, falling 11 votes short of the 60 needed. The SEC has a crypto asset offering rule in the Federal Register with comments open until Oct. 20, and two more proposals in the pipeline. The CFTC has directed staff twice this year but has not yet sent a crypto market structure rule to the Federal Register.
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