The SEC and CFTC have swooped in to save the day after the CLARITY senate vote failed. Standard Chartered predicts Arbitrum could surge by 70X by 2030.
- The CLARITY Act failed to pass the US Senate, leading the SEC and CFTC to propose new rules to fill the legislative gap for tokenized assets and crypto derivatives.
- Standard Chartered predicts Arbitrum (ARB) could see a 70X increase by 2030, driven by its revenue-sharing model with platforms like Robinhood Chain.
- The article also touches on legislative developments for Bitcoin reserves and taxation, a data breach at Revolut highlighting KYC risks, and market performance of major cryptocurrencies.
Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Regulatory sandboxes pilots, Layer 2 scaling
Tags: #clarityact #sec #cftc #arbitrum #standardchartered #tokenizedstocks #bitcoin #revolut #kyc #layer2
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