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CFTC Positions Itself as Crypto Watchdog Amid $3T Market Scrutiny
CFTC Positions Itself as Crypto Watchdog Amid $3T Market Scrutiny
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BTCCSquare news:
The Commodity Futures Trading Commission (CFTC) has declared readiness to oversee the $3 trillion digital asset industry, signaling proactive regulatory intent despite congressional delays on market structure legislation. Commissioner Michael Selig framed the announcement as part of his first 100-day agenda, emphasizing the CFTC’s existing authority under the Commodity Exchange Act.
Senate gridlock persists on the CLARITY Act, which would formalize digital asset oversight, with stablecoin yield provisions among sticking points. The CFTC’s March memorandum with the SEC hints at interagency coordination—a pragmatic move as prediction markets and other crypto-native mechanisms test traditional regulatory boundaries.
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