Bernstein Expects 'Aggressive' SEC and CFTC Rulemaking After CLARITY Act Cloture Vote Fails
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· body · New information from a source
The CLARITY Act failed a Senate cloture vote, according to Bernstein.The investment bank expects the SEC and CFTC to pursue aggressive and swift rulemaking to compensate for time spent negotiating the legislation.Stablecoin reward products on idle balances are likely to remain permissible pending new rules.- The CLARITY Act's cloture vote failed on Tuesday, according to Cointelegraph, and analysts at Bernstein now expect the SEC and CFTC to move on their own to write crypto market-structure rules.
- Bernstein said the two agencies will publish new regulations to make up for the time lost negotiating the bill, according to Cointelegraph.
- Bernstein described the expected regulatory push as 'aggressive,' according to Cointelegraph, and as 'swift,' according to The Block.
- The Block reported that Bernstein also said the failed vote allows stablecoin rewards on idle balances to continue.
- Both outlets frame the SEC and CFTC as the bodies now likely to shape crypto rules in the absence of the legislation, after Senate lawmakers failed to advance it.
· summary · New information from a source
Bernstein forecasts the SEC and CFTC will accelerate crypto rulemaking following the CLARITY Act's failed Senate cloture vote.- The CLARITY Act's cloture vote failed in the Senate, and Bernstein now expects the SEC and CFTC to issue aggressive, swift rulemaking to fill the regulatory gap.
· headline · New information from a source
Bernstein expects SEC and CFTC to pursue aggressive rulemaking after CLARITY Act fails cloture vote- Bernstein Expects 'Aggressive' SEC and CFTC Rulemaking After CLARITY Act Cloture Vote Fails
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
The CLARITY Act’s cloture vote failed on Tuesday, according to Cointelegraph, and analysts at Bernstein now expect the SEC and CFTC to move on their own to write crypto market-structure rules.
- Bernstein said the two agencies will publish new regulations to make up for the time lost negotiating the bill, according to Cointelegraph.
- Bernstein described the expected regulatory push as 'aggressive,' according to Cointelegraph, and as 'swift,' according to The Block.
- The Block reported that Bernstein also said the failed vote allows stablecoin rewards on idle balances to continue.
Both outlets frame the SEC and CFTC as the bodies now likely to shape crypto rules in the absence of the legislation, after Senate lawmakers failed to advance it.
Sources: Cointelegraph, The Block
This article is for information only and is not financial advice.
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Story so far 2 updates
- flashBernstein expects SEC and CFTC to pursue aggressive rulemaking after CLARITY Act fails cloture votefirst reported · 2 sourcescointelegraph.com · theblock.co
- storyBernstein Expects 'Aggressive' SEC and CFTC Rulemaking After CLARITY Act Cloture Vote Failsupdate · 2 sourcescointelegraph.com · theblock.co
CLARITY Act US Securities and Exchange Commission US Commodity Futures Trading Commission
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