CFTC Sends Proposal To Regulate Crypto Transactions Following Clarity Act Fail
Bitcoin Magazine CFTC Sends Proposal To Regulate Crypto Transactions Following Clarity Act Fail The regulator has already sent a proposal to the White House following this week's failed vote. This post CFTC Sends Proposal To Regulate Crypto Transactions Following Clarity Act Fail first appeared on
Source: Bitcoin Magazine
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DW NOTE
The CFTC is writing its own crypto rules because Congress failed to pass the Clarity Act on Tuesday. This is regulation by bureaucratic workaround — when legislators won't decide, agencies claim the authority anyway. The proposal is live at OMB with no public detail on what powers the CFTC is claiming or how it plans to distinguish commodities jurisdiction from the SEC's securities mandate.