Wall Street · US Congress · US Senate · CLARITY Act · CoinDesk
Crypto for Advisors: Wall Street is done waiting on Congress for crypto rules
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors.
Key facts
- In today’s newsletter, Eric Soufer of Tusk Strategies looks at what financial firms are building while Congress stalls on a crypto framework
- Adam Schumann, vice president of legal at OKX, laid out the legal problem
- Aravind Raju, CFO of Uphold, said compliance is now one of the company’s largest departments because it builds tailored solutions for each state’s requirements
- Lewis Tuff, CEO of Twilight, which builds clearing and settlement technology, said the result is that every firm ends up rebuilding the same connections
Summary
In today’s newsletter, Eric Soufer of Tusk Strategies looks at what financial firms are building while Congress stalls on a crypto framework. Then, in “Ask an Expert,” Diego Grassano explains what advisors should check before trusting a tokenized platform. Without a federal framework, financial firms are standardizing compliance and infrastructure on their own. When the Senate failed to advance the CLARITY Act on Sept. 15, the U.S. was once again left without a comprehensive federal framework for digital assets, and regulators moved to fill part of the gap.