CFTC Prepares Crypto Rules as Debate Grows Over U.S. Clarity Act
The CFTC chair says staff is exploring a market structure framework and could propose rules if Congress does not pass the Clarity Act.
AfroEuropa Newsroom
AfroEuropa desk
The chair of the U.S. Commodity Futures Trading Commission said the agency's staff is already examining a possible framework for regulating crypto market structure, and could act quickly to put forward rules should Congress fail to pass the Clarity Act, according to Decrypt.
The comments indicate the CFTC is preparing a regulatory route independent of legislative action on the bill.
The prospect of U.S. crypto rules has fed a broader market discussion. CoinDesk reported that Erald Ghoos, chief executive of OKX Europe, said clearer regulation in the United States could revitalize the market, pointing to a shift of capital away from artificial intelligence assets and back toward bitcoin. CoinDesk also noted debate over whether the effect of the Clarity Act has already been reflected in a recent bitcoin rally.
Keep reading
Ethereum Layer-2 Blast to Shut Down as Costs Exceed Revenue
Blast, once among Ethereum's largest layer-2 networks with more than $2 billion in assets, is winding down and asking users to move funds to mainnet.
Other highlights
Modder Adds NVIDIA Pascal GPU Support to Windows XP
A modded driver called Forceware 382.69 brings GeForce GTX 10-series cards, including the TITAN Xp, to 32-bit Windows XP.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
