US Crypto Landscape Sees Regulatory Opposition and New Market Approvals
US Crypto Landscape Sees Regulatory Opposition and New Market Approvals
The US crypto regulatory scene is active with contrasting developments. JPMorgan's CEO, Jamie Dimon, announced that banks would oppose the Clarity Act due to concerns regarding stablecoin rewards and weak protections, adding a significant hurdle for the proposed legislation. Simultaneously, the CFTC has made a notable move by greenlighting crypto perpetual futures for the American market, signaling a major regulatory action in the derivatives space.
Banks to Fight Clarity Act
JPMorgan's Jamie Dimon stated that banks will oppose the Clarity Act over stablecoin rewards and weak protections, enforcing another headwind for the bill.
CFTC Greenlights Crypto Perps
The CFTC just took its most significant crypto action in years by approving crypto perpetual futures in America.