🚀 U.S. Senate Banking Committee to Release Market Structure Legislation
#USSenate #SenateBankingCommittee #MarketStructure #MarketStructureLegislation #CryptoNews #BlockBeats #EleanorTerrett #AugustRecess
According to BlockBeats, crypto journalist Eleanor Terrett reported that the U.S. Senate Banking Committee is expected to unveil a new market structure legislation draft soon. This draft reflects feedback gathered before the August recess.#USSenate #SenateBankingCommittee #MarketStructure #MarketStructureLegislation #CryptoNews #BlockBeats #EleanorTerrett #AugustRecess
🚀 SEC and CFTC Collaborate on Market Structure Legislation
#SEC #CFTC #MarketStructureLegislation #CryptoAssetMarket #OnChainCapitalMarkets #IPOReportingRequirements #RetailInvestors #PrivateMarket #RoundtableDiscussions #RuleMaking #RegulatoryFramework
According to PANews, U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins announced on the program 'Mornings with Maria' that the SEC is working closely with the Commodity Futures Trading Commission (CFTC) to advance market structure legislation. This collaboration includes joint roundtable discussions and future joint rule-making efforts.
Atkins emphasized the need for a clear regulatory framework for the crypto asset market and suggested introducing innovative exemptions to support the development of on-chain capital markets. Additionally, the SEC plans to review initial public offering (IPO) reporting requirements and explore diverse opportunities for retail investors to participate in the private market.#SEC #CFTC #MarketStructureLegislation #CryptoAssetMarket #OnChainCapitalMarkets #IPOReportingRequirements #RetailInvestors #PrivateMarket #RoundtableDiscussions #RuleMaking #RegulatoryFramework
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🚀 TD Cowen Predicts Political Pressure Will Overcome US Banks' Stablecoin Resistance
#TDCowen #PoliticalPressure #USBanks #StablecoinResistance #CLARITYAct #Cryptocurrency #MarketStructureLegislation #OCC #StablecoinRewards
Investment bank TD Cowen has expressed skepticism about the ability of US banks to maintain their resistance to stablecoin consumer rewards under the CLARITY Act. According to NS3.AI, TD Cowen argues that the political unsustainability of this resistance will likely lead to its failure. However, the bank warns that ongoing disputes between the banking and cryptocurrency sectors could pose a threat to the passage of market structure legislation. The Office of the Comptroller of the Currency's (OCC) efforts to block indirect stablecoin rewards are considered ineffective, as the OCC lacks discretionary legal interpretation power.#TDCowen #PoliticalPressure #USBanks #StablecoinResistance #CLARITYAct #Cryptocurrency #MarketStructureLegislation #OCC #StablecoinRewards