Washington Intensifies Crypto Discussions: Trump Advocates Clarity Act, SEC Proposes New Rules, and CFTC Warns of Independent Action
Washington has seen a surge in cryptocurrency-related activity, with President Trump hosting crypto executives at the White House and urging Congress to pass a 'fair version' of the Clarity Act. This bipartisan bill aims to provide regulatory clarity for the crypto industry, but its progress is currently hindered by disputes over ethics provisions that President Trump believes unfairly target him. Concurrently, the SEC has formally proposed Regulation Crypto Assets, a new framework designed to facilitate crypto fundraising in the U.S. This proposal would permit certain offerings up to $5 million over four years or $75 million annually without requiring full SEC registration, and it includes a conditional safe harbor for crypto assets once an issuer's managerial efforts conclude. Meanwhile, CFTC Chairman Mike Selig, during the inaugural Innovation Advisory Committee meeting, emphasized the importance of the Clarity Act to prevent regulatory overreach. However, Selig also warned that if the Clarity Act faces... 
