Browsing: Issues

Taken together, these initiatives reflect the SEC’s broader effort to make the United States a more workable jurisdiction for digital asset businesses and encourage innovation and capital formation in the U.S. market.

CFTC issues no-action relief for passive software providers connecting users to regulated derivatives. Relief allows wallets to offer access to perpetual futures and event contracts without broker registration.

Two days after the CLARITY Act stalled in a Senate cloture vote, the SEC issued its “Innovation Exemption,” letting qualifying venues trade tokenized stocks on-chain without registering as exchanges or dealers. Industry experts say the move keeps momentum alive, but warn that agency action can’t replace the durability of statute.

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that even without Congress passing new legislation, the agency will take action to provide regulatory clarity for the cryptocurrency sector, following the Senate’s failure to secure the necessary support for the CLARITY Act.