Summary
- Major U.S. bank CEOs are set to discuss the 'virtual asset market-structure bill' with the Senate.
- They said that if the bill passes, the virtual asset regulatory framework in the United States could become clearer.
- They said that clarifying jurisdiction among regulators and providing clear guidelines are expected to affect the market overall.
Major U.S. bank chief executives (CEOs) are set to meet with senators to discuss virtual assets (cryptocurrencies) market-structure legislation. Industry observers note that if the bill passes, the regulatory framework for virtual assets in the United States could become clearer.
On the 8th (local time), virtual asset-focused media WatcherGuru reported that the 'market-structure bill (CLARITY)' being discussed aims to restructure the regulatory framework across the virtual asset industry. The bill is said to delineate the supervisory roles of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and to, among other things, partially exempt registration requirements under the Securities Act of 1933 for virtual assets that meet certain conditions.
Meanwhile, discussions in Washington surrounding the market-structure bill have recently been accelerating. Industry sources say that clarifying jurisdiction among regulators and establishing clear guidelines could affect spot and derivatives markets, stablecoins, and on-chain financial services broadly.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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