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Urgent: CFTC Chair Michael Hsu (formerly Michael Selig) announces the activation of an alternative regulatory pathway for the cryptocurrency market following the failure of the Senate to pass the Clarity Act.
Activation of the "Plan B" by the U.S. Commodity Futures Trading Commission (CFTC) regarding the cryptocurrency sector in the United States.. 📃 🇺🇸
"The result of yesterday's Senate vote was disappointing. Americans deserve regulatory clarity, legal certainty, and consumer protection in crypto asset markets. President Trump pledged to establish a regulatory framework for the crypto asset market that keeps pace with future challenges—by any means necessary—and we will help him achieve this mission by relying on our existing statutory authority. The United States is, and will remain, the world capital of crypto assets; therefore, the CFTC is resolute and fully prepared to propose its regulatory rules for this new and leading financial field."
Michael S. Hsu
Chairman, Commodity Futures Trading Commission (CFTC)
$BTC
Activation of the "Plan B" by the U.S. Commodity Futures Trading Commission (CFTC) regarding the cryptocurrency sector in the United States.. 📃 🇺🇸
"The result of yesterday's Senate vote was disappointing. Americans deserve regulatory clarity, legal certainty, and consumer protection in crypto asset markets. President Trump pledged to establish a regulatory framework for the crypto asset market that keeps pace with future challenges—by any means necessary—and we will help him achieve this mission by relying on our existing statutory authority. The United States is, and will remain, the world capital of crypto assets; therefore, the CFTC is resolute and fully prepared to propose its regulatory rules for this new and leading financial field."
Michael S. Hsu
Chairman, Commodity Futures Trading Commission (CFTC)
$BTC
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It is confirmed: The Senate has scheduled a vote on a standalone bill for Tuesday at 2:15 PM ET.
• If proceedings begin, the debate period will last up to 30 hours.
• Final passage of the bill requires 51 votes.
💜 If you are interested in the latest news on cryptocurrency and Pi Network, follow the Digital Economy page and enable notifications so you don't miss any updates.
#DigitalEconomy
#pinetwork
#Bitcoin
• If proceedings begin, the debate period will last up to 30 hours.
• Final passage of the bill requires 51 votes.
💜 If you are interested in the latest news on cryptocurrency and Pi Network, follow the Digital Economy page and enable notifications so you don't miss any updates.
#DigitalEconomy
#pinetwork
#Bitcoin
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