CFTC Proposes Rules to Regulate Crypto Transactions After Clarity Act Fails

WHY IT MATTERS

In the United States, two main agencies oversee financial markets: the SEC, which regulates stocks and securities, and the CFTC, which regulates commodities like oil and wheat. For years, there has been a tug-of-war over which agency should regulate crypto. Think of it like two referees arguing over who gets to call the fouls in a game. Congress tried to settle this with a law called the Clarity Act, but it did not pass. Now the CFTC is trying to write its own rulebook for crypto without waiting for Congress. This matters because the rules an agency sets can determine how easy or difficult it is for companies to offer crypto services in the U.S., and which consumer protections apply to people who use them.