bibibi.ccLoading…
Connect scattered updates into a story you can understand.
According to reports, Patrick Witt’s detail to the White House crypto committee may have expired or may be about to expire, and the White House has not confirmed whether he will remain. Other key committee personnel have left or completed their terms.
U.S. Senator Cynthia Lummis said on X that the CLARITY bill includes provisions for an CFTC Office of the Advocate for Retail Commodity Investors and criticized Democrats for continuing to vote against the bill.
U.S. Senator Cynthia Lummis said Democrats rejected CLARITY the bill's provision restricting Chief Compliance Officers from holding positions at affiliated crypto entities.
Andrew Cuomo said at Token2049 that if the crypto industry wants to advance federal crypto legislation, it should balance its support for Democrats and Republicans.
Digital Asset CEO Yuval Rooz said at Token2049 that the industry should use the current regulatory environment to promote institutional adoption and reduce the risk of reversal from future U.S. policy changes. Multiple speakers at the event said that the CLARITY bill and regulatory clarity remain important factors for institutional participation.
TOKEN2049 A regulatory roundtable discussed that the U.S. “CLARITY Bill” stalled in the Senate this year, and SEC and CFTC regulatory actions may continue to shape the implementation of crypto industry rules.
U.S. House Financial Services Committee Chairman French Hill said,SEC and CFTC current crypto regulatory actions remain insufficient, and hopes Congress will pass the CLARITY bill during the lame-duck session after the midterm elections.
The crypto political action committee Fairshake said it will support 32 U.S. House candidates, initially planning to provide 6 candidates with 1000000 USD. All candidates on the list previously supported the CLARITY bill, but its prospects in the Senate remain uncertain.
PGPZ on October 1 filed a Washington lobbying registration covering the CLARITY Act and two digital asset tax proposals. Executive Director Divij Pandya is the sole registered lobbyist.
