The post CFTC vacancies snag US crypto bill as global rivals advance appeared on BitcoinEthereumNews.com.
A shortage of staff at the Commodity Futures Trading Commission (CFTC) has stalled the Senate’s efforts regarding the Clarity Act, a delay the proponents fear could allow the rest of the world to dictate rules for the crypto industry worth about $2.2 trillion. In the case of crypto trading firms with a presence across different jurisdictions, the issue is about governance. The Clarity Act indicates that the CFTC would oversee the spot trading of digital commodities. Yet while this agency’s role is supposed to regulate this market, it currently has just one commissioner instead of five – Michael Selig, a Republican. The White House and Senate Democrats were arguing on Thursday, blaming each other for keeping the other four seats vacant. Selig has been upfront about the stakes involved. In a recent interview with Fox Business, Selig stated that if Congress does not take action, there
The post Digital Asset Market Clarity Act Faces Uphill Battle Despite New Draft Coming Next Week appeared on BitcoinEthereumNews.com.
TLDR An updated version of the Digital Asset Market Clarity Act may arrive next week Democratic backing remains absent, primarily due to disagreements over ethics standards for officials involved in crypto Three contentious matters persist: safeguards for developers, exemptions from money laundering laws, and stablecoin incentive programs CFTC leadership cautions that regulatory agencies might draft crypto policies independently if lawmakers don’t act Congress faces a compressed timeline — just several weeks between mid-July and early August — to approve the legislation Legislators could unveil a revised edition of the Digital Asset Market Clarity Act within days, sources close to the discussions revealed. This proposed legislation seeks to establish a complete regulatory structure governing digital currencies across the nation. LATEST: A new CLARITY Act
The post New CLARITY Act Draft Could Land Next Week as Senate Faces 60-Vote Test appeared on BitcoinEthereumNews.com.
Key Takeaways Sources say the merged CLARITY Act adds over 70 pages and could drop the week of July 13. The bill needs 60 Senate votes; two Democrats warn unresolved ethics rules could cost their support. Floor action is targeted for the week of July 20, ahead of the Aug. 7 recess seen as the deadline. A Development That Could Change a Lot The new draft would fuse the versions produced by the Senate Banking and Agriculture Committees into a single text. Reporters following the effort said more than 70 pages of text have been added to the unified version, which is described as placing heavier emphasis on consumer protections than earlier drafts. With only three working weeks in July and the first week of August left before lawmakers scatter for the summer break and attention shifts to the fall midterm elections, the coming July 13 to Aug. 7 stretch stands to be a decisiv
Lawmakers may unveil a merged version of the Digital Asset Market Clarity (CLARITY) Act next week, potentially, with Senate floor action eyed for July 20. A Development That Could Change a Lot The new draft would fuse the versions produced by the Senate Banking and Agriculture Committees into a single text. Reporters following the effort […]
The post Polymarket Pursues NFA Registration to Launch US Margin Trading Services appeared on BitcoinEthereumNews.com.
TLDR On July 3, Polymarket submitted regulatory applications to the National Futures Association seeking authorization for U.S. margin trading capabilities. PM Derivatives LLC filed for FCM registration, NFA membership, and Swap Firm designation on behalf of the platform. Additional approval from the CFTC remains necessary before Polymarket can launch leveraged trading services. Competitor Kalshi secured NFA authorization through Kinetic Markets LLC back in March 2026, giving it a significant advantage. June 2026 saw both platforms achieve unprecedented trading activity — Kalshi reached $33 billion while Polymarket totaled approximately $14 billion across entities. The prediction market platform Polymarket has submitted formal applications to the National Futures Association seeking permission to provide margin trading services to American customers. This capability wo
The post North Carolina law clears path for CFTC regulated prediction markets appeared on BitcoinEthereumNews.com.
North Carolina has become the first U.S. state to explicitly recognize the CFTC’s authority over prediction markets while setting a 6% state tax on their trading fee revenue. Summary North Carolina has recognized the CFTC’s authority over prediction markets while approving a 6% tax on platform trading fee revenue. The new law allows federally registered prediction markets such as Kalshi and Polymarket to operate legally in the state from 2027. The measure comes as Kalshi continues legal battles with several states after a federal judge declined to block New York from enforcing its gambling laws. Under Senate Bill 257, signed by Governor Josh Stein on July 7 as part of North Carolina’s 2026 budget, platforms registered with the Commodity Futures Trading Commission, including Polymarket and Kalshi, can operate lawfully in the state. The legislation also states that the Comm
North Carolina has become the first U.S. state to explicitly recognize the CFTC’s authority over prediction markets while setting a 6% state tax on their trading fee revenue. Under Senate Bill 257, signed by Governor Josh Stein on July 7…
The post Senator Elizabeth Warren slams CLARITY Act as a ‘ticket to sanctions evasion’ appeared on BitcoinEthereumNews.com.
Democratic Senator Elizabeth Warren has maintained her strong opposition to the broader crypto market bill, the CLARITY Act. Amid increasing uncertainty about the bill’s path and the industry’s push for a Senate floor vote, Sen. Warren said, As currently drafted, the CLARITY Act is a ticket to sanctions evasion. She was echoing concerns raised by Richard Nephew, a former special envoy for Iran and director for Iran at the U.S National Security Council (NSC). Nephew called out the Senate for pushing the CLARITY Act with broader exemption for DeFi and weak anti-money laundering (AML) requirements. For him, the recent freezing of over $1B of Iranian crypto by the U.S Treasury would be impossible with DeFi legal exemptions proposed in the bill. He added, The bill would leave parts of the crypto ecosystem vulnerable to exploitation by terrorists, sanctions evaders,
The post Why Bitwise Says CLARITY Act Passage Marks the Bear Market Bottom appeared on BitcoinEthereumNews.com.
Bitwise named the CLARITY Act as one of the key catalysts for crypto markets in the third quarter, saying its passage could likely mark the bottom of the current bear market. The asset manager laid out four catalysts in its Q3 2026 report. It added that this quarter is make-or-break for the market structure bill. Why the CLARITY Act Tops Bitwise’s Q3 List The CLARITY Act has been one of the most-watched bills for the crypto sector. However, it has faced key hurdles, with two issues now stalling its progress. First, ethics provisions tied to the president’s family’s crypto interests have become a sticking point. Section 604, which shields non-custodial developers from money transmitter rules, has also drawn contested debate among lawmakers and law enforcement groups. Prediction markets put the odds of the bill passing in 2026 near 40%. That figure has fallen sharply from 75% i
