CLARITY Act · US Congress · US Senate · CoinDesk
Crypto for Advisors: The CLARITY Act faltered, but the rules came anyway
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You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors.
Key facts
- Platforms like Hyperliquid, which provide real-time, 24/7/365 trading in virtually any market, are beginning to eat into traditional commodities futures markets
- In today’s newsletter, Alex Tapscott of CMCC Global Capital Markets on the rules regulators are writing while Congress stalls, and how long that can hold
- On Sept. 15, the U.S. Senate had a chance to take a major step toward setting the rules of the road for digital assets and, by extension, the digital economy they are now entering
- The company also gets 30 days' notice and can block trading on that venue
Summary
In today’s newsletter, Alex Tapscott of CMCC Global Capital Markets on the rules regulators are writing while Congress stalls, and how long that can hold. Then, in “Ask an Expert,” Leo Mindyuk of ML Tech on what a client owns when they buy a tokenized stock. Regulators have provided what Congress could not, providing a short-term boost and creating a longer-term risk. On Sept. 15, the U.S. Senate had a chance to take a major step toward setting the rules of the road for digital assets and, by extension, the digital economy they are now entering.