Analyst firm Bernstein anticipates that the US Securities and Exchange Commission and the Commodity Futures Trading Commission will pursue swift and assertive rulemaking following the setback of the Digital Asset Market Clarity Act, which did not clear a Senate cloture vote on Tuesday.
In a research note distributed to Cointelegraph on Wednesday, Bernstein experts indicated that these oversight bodies are likely to issue fresh regulations intended to recover from the momentum surrendered during negotiations surrounding the CLARITY Act.
The analysts detailed expectations for several agency actions, such as token classifications for fundraising, safeguards for developers involved in decentralized finance and self-custody systems, regulatory relief for equity tokenization, expedited approvals for perpetual futures on real-world assets, and updates regarding federal sports event contracts and their swap designations.
Bernstein noted that federal regulators will likely introduce heightened regulatory certainty for the sector to offset the rejection of the CLARITY Act, a legislative measure that previously would have safeguarded the market against future political changes.
During Tuesday proceedings, the US Senate was unable to advance a cloture motion for the CLARITY Act, legislation designed to implement the nation’s inaugural comprehensive regulatory system for digital assets. Bernstein representatives mentioned that a subsequent vote remains improbable due to a restricted legislative calendar and anxiety regarding the bill’s ethical standards.
Previously, on August 19, the SEC introduced new regulations intended to establish a tailored structure for specific crypto asset investment contracts, balancing capital-raising capabilities with safeguards for investors. These suggested guidelines grant crypto enterprises exemptions to distribute up to $5 million in digital tokens across a four-year span, alongside up to $75 million within a 12-month period, while providing a safe harbor protection preventing cryptocurrencies from automatic classification as investment contracts.
Furthermore, on July 27, SEC Chair Paul Atkins stated in a CNBC interview that the commission stood prepared to introduce digital asset guidelines independently if the Senate proved unsuccessful in passing the CLARITY Act.
Originally published at https://cointelegraph.com/news/bernstein-aggressive-rulemaking-sec-cftc-clarity-act?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
