La CFTC advierte que los reguladores impondrán reglas a las criptomonedas si fracasa CLARITY

Michael Selig advierte que los reguladores crearán las reglas para las criptomonedas si el Congreso no logra aprobar la Ley CLARITY.

• The CFTC warns that regulators will impose rules on cryptocurrencies if Congress fails to pass the CLARITY Act.
• The CLARITY Act aims to divide supervisory powers between the CFTC and SEC, but faces political hurdles and a tight legislative calendar.
• If legislation stalls, federal agencies will likely create regulations through administrative rules and enforcement actions, creating uncertainty for the industry.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Regulatory sandboxes pilots, Banking depository pilots

Tags: #cftc #clarityact #sec #cryptocurrencyregulation #digitalassets #congress #senate #houseofrepresentatives #michaelselig #stablecoins

Read more

CFTC Chair Criticizes Illinois' New Crypto Tax Plan

CoinDesk reports:CFTC Chair Michael Selig publicly criticized Illinois’ newly enacted cryptocurrency tax framework, stating that the state is moving in the wron

• CFTC Chair Michael Selig criticized Illinois' new 0.2% cryptocurrency tax framework, deeming it a move in the wrong direction.
• The tax, effective January 1, 2027, applies to various digital asset activities and requires brokers to register and report monthly, raising concerns about compliance costs and competitive disadvantage.
• Critics argue the state-level tax policy clashes with ongoing federal deliberations on crypto regulation and could prompt businesses to relocate.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Cross jurisdictional policy, Private enterprise ledgers

Tags: #cftc #illinois #cryptocurrencytax #digitalassetbrokers #taxframework #regulatoryclash #michaelselig #tokenizedassets #compliancecosts #statepolicy

Read more

Michael Selig draws line between crypto perps and corn futures

CFTC Chair Michael Selig says crypto perpetual futures differ from agricultural contracts as regulators review derivatives rules and CBOE weighs perps.

• CFTC Chair Michael Selig distinguished crypto perpetual futures from agricultural contracts, stating the former are not suitable for markets reliant on physical delivery.
• A joint CFTC and SEC review of derivatives definitions could impact the regulation of crypto perpetuals, with potential reclassification from futures to swaps.
• Established exchanges like CBOE are exploring crypto perpetual futures, while legal challenges and regulatory uncertainty persist around CFTC approvals.

Topics: Legal regulatory, Blockchain usage, Institutional adoption, Securities law classification, Ethereum evm l 1 s, Banking depository pilots

Tags: #cftc #michaelselig #cryptoperpetualfutures #agriculturalmarkets #derivatives #kalshi #cboe #sec #doddfrankact #digitalassets

Read more

CFTC chair Selig defends decision to approve ‘perps’ in U.S.

Michael Selig said that incumbents will always fear the future, but it's important to develop the new asset class domestically rather than only offshore.

• CFTC Chair Michael Selig defended the agency's approval of perpetual futures (perps) for Bitcoin and other cryptocurrencies in the U.S.
• Selig emphasized the importance of developing new asset classes domestically under robust regulations, rather than allowing them to develop solely offshore.
• He dismissed concerns about leverage and complexity, highlighting planned disclosures and suitability assessments for traders.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Regulatory sandboxes pilots, Onboarding prime brokerage

Tags: #michaelselig #cftc #perpetualfutures #kalshi #bitcoin #derivatives #regulation #usmarket #leverage #disclosure

Read more