SEC and CFTC Chairmen Say They Will Write Crypto Rules Without CLARITY Act

Crypto Insight Summary: Michael Selig said the CFTC is "locked in and ready to ship its rules for the new frontier of finance." Paul Atkins said the SEC will "act decisively within the SEC's statutory authority." Both posted the statements to X on Wednesday, within two hours of each other, the day after the Senate blocked Crypto Insight Analysis: Direction: Bearish Crypto Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: Regulatory uncertainty increases as SEC and CFTC plan to proceed with crypto rules without legislative clarity.