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Following the failure of the Clarity Act, the CFTC is moving to consolidate crypto oversight through a federal rulebook that offers exchanges a path away from state-by-state licensing.
The CFTC has submitted a proposal to regulate crypto asset markets, marking a significant shift toward federal oversight following the failure of the Clarity Act.
The Digital Asset Market Clarity Act's defeat in the Senate leaves US crypto firms and investors without a unified regulatory framework, shifting the burden to existing agencies and signaling prolonged uncertainty.