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Michael Saylor moves on from stalled CLARITY Act as SEC, CFTC set to take over
Published Source: CryptoPolitanRead original
Crypto Insight Summary: Michael Saylor has said that he expects the SEC, CFTC, and Treasury to write crypto rules under existing law now that the CLARITY Act has stalled in the Senate. Following the continuous stalling from Congress, Bitcoin holders and banks are now expecting agencies to sort crypto’s legal status. Will the CLARITY Act be passed anytime... Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Regulatory clarity delay causes temporary uncertainty but not a major market shift.