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Add preferred source CFTC Chairman Michael Selig said the agency will advance crypto market-structure rules using existing statutory authority after the Senate blocked the CLARITY Act on a 49-50 cloture vote, 11 short of the 60 required. The failed procedural vote on Sept. 15 shifted regulatory momentum toward the CFTC and SEC, which have both…

CFTC Chairman Michael Selig said the agency is “ready to ship” crypto rules using its existing statutory authority.

Add preferred source SEC Chairman Paul Atkins said the agency will move forward with its crypto rulemaking agenda after the Senate failed to advance the CLARITY Act on a 49-50 procedural vote. Speaking at the Solana Policy Institute Summit, Atkins outlined a three-pillar framework: a self-custody proposal allowing investment advisers to hold crypto assets directly,…

Ripple CEO Brad Garlinghouse says Monday’s CLARITY Act defeat “stings,” and he’s promising a full breakdown of what went wrong in the days ahead. The CLARITY Act failed to advance in the Senate, falling well short of the 60 votes needed for cloture, not even reaching 50 votes.