Regarding the pace of the Clear Law and Market Structure Law bills, there's an important detail—currently, the bipartisan cooperation plan actually has two versions. The Senate Banking Committee is pushing forward one version, while the Agriculture Committee is independently advancing its own. Why? Because in the distribution of power in the Senate, the Banking Committee is responsible for overseeing the SEC, while the Agriculture Committee controls the CFTC. Each committee has its own regulatory approach and legislative ideas for cryptocurrencies. Therefore, future legislative progress may follow two tracks, and ultimately, they will need to be integrated during negotiations between the two chambers. This will have a substantial impact on the regulatory framework for the crypto market.
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Regarding the pace of the Clear Law and Market Structure Law bills, there's an important detail—currently, the bipartisan cooperation plan actually has two versions. The Senate Banking Committee is pushing forward one version, while the Agriculture Committee is independently advancing its own. Why? Because in the distribution of power in the Senate, the Banking Committee is responsible for overseeing the SEC, while the Agriculture Committee controls the CFTC. Each committee has its own regulatory approach and legislative ideas for cryptocurrencies. Therefore, future legislative progress may follow two tracks, and ultimately, they will need to be integrated during negotiations between the two chambers. This will have a substantial impact on the regulatory framework for the crypto market.