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Crypto

U.S. CFTC vacancies stall CLARITY bill, raising fears of crypto regulatory gap

Prolonged vacancies at the U.S. Commodity Futures Trading Commission are disrupting progress on the CLARITY bill, which would give the agency authority over digital commodity spot markets. The White House and Senate Democrats are blaming each other for delays in filling posts. With only one commissioner in place, concerns are growing over oversight capacity and legal durability of new rules. Lawmakers warn the U.S. could fall behind other countries on digital asset rules.

Crypto

U.S. senator urges keeping developer protections in CLARITY Act, key dispute emerges

U.S. Democratic Senator Ron Wyden (론 와이든) urged Senate leaders to retain a provision protecting blockchain developers in the CLARITY Act, a crypto market structure bill. The dispute has widened between calls to provide legal clarity for developers and concerns it could weaken oversight of illicit finance. Wyden wants Section 604, known as the Blockchain Regulatory Certainty Act, included in the final text. Law enforcement groups and civic organisations warn the exemption could be too broad.

Crypto

Tech group including Amazon, Apple and Google urges U.S. Senate to pass Clarity Act

The U.S. Consumer Technology Association (CTA), whose members include Amazon, Apple and Google, urged the U.S. Senate to quickly pass the Clarity Act, a digital asset market structure bill. Senator Cynthia Lummis publicly backed the measure, saying developers should not need lawyers to determine whether their code is legal. The bill would divide oversight between the SEC and CFTC, set standards for tokens and include protections for open-source developers and self-custody providers.