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Key Takeaways
- Regulators will not wait for Congress.
- SEC exemptions provide the clearest first step.
- CFTC plans remain directions, not new rules.
- Faster action brings greater legal uncertainty.
- Formal documents will determine the real impact.
The White House shifts the immediate work to regulators
White House crypto adviser Patrick Witt said on September 22 that the SEC and CFTC would continue advancing digital-asset policy rather than wait for Congress to reconsider market-structure legislation after the midterm elections.
Witt acknowledged the weakness in that approach: agency actions taken without new legislation could face legal challenges. Treasury’s Luke Pettit described congressional support as “incredibly chilled,” according to the CoinDesk report.
The comments followed the Senate’s failure to advance the CLARITY Act. ...
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