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Add preferred source The U.S. Commodity Futures Trading Commission issued a no-action position on Thursday allowing providers of “passive software” to connect users to regulated derivatives markets without registering as introducing brokers or associated persons. The guidance expands relief first granted to crypto wallet provider Phantom Technologies in March, creating a broader framework for developers…
The Digital Asset Market Clarity Act, which aims to create a comprehensive regulatory framework for digital assets in the US, failed to gain the necessary support to pass in the Senate. In the vote, 49 senators voted in favor and 50 against, failing to reach the 60-vote threshold required for the bill to move forward.