Search results for Michael Selick
Crypto
U.S. House Financial Services chair says SEC, CFTC steps not enough, calls for Clarity Act
French Hill (프렌치 힐), chair of the U.S. House Financial Services Committee, said regulatory steps by financial authorities alone would not be enough to create stability in the crypto market and again stressed the need for the Clarity Act. He said the SEC and CFTC are working on digital asset rules but cannot replace legislation. Hill pointed to a tight post-election Senate schedule and leadership gaps at both agencies as key variables.
Crypto
Former CFTC chair says Clarity bill should not be overhyped, industry innovation to continue
Chris Giancarlo, a former chairman of the U.S. Commodity Futures Trading Commission, said technological innovation in the cryptocurrency industry will not stop even if the Clarity bill pending in Congress fails to pass. He urged the industry not to overestimate the bill and raised concerns about expanded surveillance, saying the bill could draw crypto transactions into Bank Secrecy Act monitoring. He also commented on political factors behind delays and federal regulation of prediction markets.
Crypto
Clarity Act could shape CFTC authority over prediction markets in U.S.
A bill known as the Clarity Act being discussed in the U.S. Congress could provide grounds to expand the Commodity Futures Trading Commission\'s oversight of prediction markets, a claim said to have been raised. At a House subcommittee hearing, legal experts focused on regulatory gaps around sports event prediction markets and conflicts between federal and state rules. Debate is intensifying over how far the CFTC can oversee platforms such as Kalshi and Polymarket.
