SEC and CFTC Advance Crypto Rules as Agency Leadership Shifts
Image: U.TodayThe US Senate voted 49-50 to block the Digital Asset Market Clarity Act on September 15. The SEC and CFTC are advancing their own crypto rulemaking to fill the resulting legal gap. SEC commissioner Hester Peirce will leave the agency on October 2, leaving the SEC with only two commissioners. The CFTC is moving forward on blockchain recordkeeping rules for firms it oversees. The White House plans to nominate new members to both agencies soon.
Key points
- The SEC and CFTC are advancing independent crypto rulemaking to fill the legislative gap.
- The failed bill left the US crypto industry without clear legislative guidance.
- Leadership changes are occurring at US crypto regulatory and industry bodies.
Why it matters
The lack of clear congressional crypto legislation means the SEC and CFTC will set market rules via internal guidance. Thin leadership at both agencies could impact the pace and content of upcoming crypto regulatory decisions.
Price context · XRP
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Sources · 2 publishers
CoinCentral
Tier 3
Crypto Rules in Limbo as SEC and CFTC Leadership Thins Out
Coverage timeline
- First reported by U.Today
- Confirmed by CoinCentral
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
