|
Good morning. Washington's crypto regulators just decided they're done waiting on Congress. Two days after the Clarity Act failed to clear a Senate procedural vote, the SEC issued an order opening a temporary pathway for trading tokenized stocks, while the CFTC quietly sent its own crypto rulemaking proposal to the White House for review. Neither move is a substitute for the comprehensive market-structure law the industry has lobbied for since 2023, but together they signal that the SEC and CFTC intend to build a functioning regulatory framework using authority they already have, rather than leave the industry in limbo. That matters because it shifts the venue for crypto policy from a gridlocked Senate to agency rulemaking, which is faster but more fragile — subject to reversal by the next administration or a court challenge in ways statutes aren't. For an industry that has spent years asking for legal certainty, getting it from regulators instead of lawmakers is a meaningfully different kind of win. Below: today's five recent stories across markets, AI, policy, and security.
|