BlockBeats News, February 13 — During a hearing of the U.S. Senate Banking Committee on Thursday, U.S. Securities and Exchange Commission Chair Paul Atkins stated that although authorities have indicated that the SEC must establish some transitional rules, making cryptocurrency policies permanent indeed requires legislation. “We need a solid legal foundation so that we can avoid any setbacks in the future.”
Although progress on the U.S. Senate’s Cryptocurrency Market Structure Act (also known as the CLARITY Act) has been intermittent, one of the main Democratic negotiators, Senator Mark Warner, said at the hearing that he still hopes this effort will make progress.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The White House warns employees not to use policy insider information to place bets on prediction markets
The White House warns staff not to use their positions to bet in prediction markets, especially by engaging in unusual trading activity before policies suddenly change. Accounts that have already profited more than $600k through prediction have drawn criticism, and critics suspect that someone used insider information to profit. The White House confirmed the authenticity of the warning.
GateNews15m ago
South Korea May Fold RWA Tokens and Stablecoins Into Existing Financial Rules
South Korea's Democratic Party has proposed including tokenized real-world assets and stablecoins in the Digital Asset Basic Act. This framework aims to link digital assets to established financial laws, addressing delays affecting local blockchain firms.
CryptoNewsFlash2h ago
SEC Crypto Safe Harbor Proposal Submitted for Review! Eligible Crypto Projects Can Launch Without Registration
U.S. SEC chair Paul Atkins confirmed that the “safe harbor” framework for cryptocurrencies has been submitted to the White House for review. The proposal includes exemptions for new issuers and investment contracts to promote the regulation and innovation of digital assets. This move has sparked lively discussion in the financial sector and among crypto advocates, and going forward will seek to strike a balance between protecting investors and promoting innovation.
CryptoCity2h ago
New U.S. FDIC Rule! Stablecoin reserves face strict requirements and are not covered by the $250k deposit protection per person
The U.S. FDIC has rolled out a regulatory framework for stablecoins, requiring 1:1 reserves and liquidity, and setting a redemption deadline within two days. The bill does not apply deposit insurance and is intended to ensure stability in the financial system. The FDIC clearly specifies capital requirements and limits on earnings, and clarifies the safety and compliance of stablecoins. This proposal is currently in a public comment period.
CryptoCity3h ago
XRP Lawyer Warns CLARITY Act Could Lose Momentum if Summer Delays Persist
The CLARITY Act's chances of passing depend on timely legislative action, as summer distractions and midterm politics could hinder progress. Delays may complicate its path, especially if political dynamics shift post-election.
CryptoNewsFlash3h ago
SEC Crypto Safe Harbor Proposal Submitted for Review! Eligible crypto projects can launch without registration
SEC Chair Paul Atkins has confirmed that the cryptocurrency “safe harbor” framework has been submitted to the White House for review. The proposal includes exemptions for start-ups and investment contracts to promote the regulation and innovation of digital assets. The move has sparked lively discussion in the financial community and among cryptocurrency advocates, and going forward it will aim to strike a balance between protecting investors and promoting innovation.
CryptoCity5h ago
