With Congress away, federal agencies play at crypto rulemaking

Homepage > News > Business > With Congress away, federal agencies play at crypto rulemaking America’s federal authorities appear ready and more than willing to make life easier for crypto operators, whether or not Congress wants them to. As CLARITY stalls, SEC takes matters into its own hands CFTC says prediction markets aren’t betting, they just offer betting lines CFTC orders Kalshi not to back down in face of New York lawsuit CFTC, SEC (eventually) file complaints against crypto Ponzi schemers OCC says bank charters are so hot right now Compared with the frenzied activity that has surrounded the Senate’s digital asset market structure legislation (the CLARITY Act) in recent months, D.C. has been effectively mute on this subject since the Senate left town for its traditional summer holiday last weekend. This silence extends to the White House, which has yet to offer any public comment regarding the most recent bipartisan proposal to revise CLARITY’s ‘ethics’ language aimed at reining in President Trump’s ability to profit off crypto ventures. On August 10, White House crypto adviser Patrick Witt tweeted that “the administration remains fully committed to getting the Clar...