SEC and CFTC Launch Joint Crypto Rules After Senate Blocks CLARITY Act
Following the Senate's rejection of the CLARITY Act, the SEC and CFTC are stepping in with new rules that sparked a market rebound, while industry momentum continues through Circle's institutional-grade mainnet launch and the House's progress on crypto tax legislation.
KITCO reports that Circle has launched the Arc Layer 1 mainnet, attracting major financial players like BlackRock and Visa as validators, while Deutsche Bank moves to introduce regulated digital-asset custody in Europe. Meanwhile, the House Ways and Means Committee advanced the Digital Asset Tax Certainty Act in a bipartisan vote, offering a legislative alternative to the stalled Senate bill.
Source: KITCOCryptoRank reports that the market has recovered significantly following the regulatory moves, with Bitcoin reclaiming the $80,000 level and DeFi tokens like UNI surging over 45% as investors capitalize on the new SEC tokenized-stock exemption and CFTC software relief.
Source: CryptoRankRegulators are bypassing stalled legislation to implement new market rules using existing statutory powers.
Source: Bitcoin Foundation
