Odaily Planet Daily reports that SBF posted on X claiming the CLARITY Act will be a significant milestone in the history of cryptocurrency development and a major achievement for Trump. U.S. Senator Cynthia Lummis responded, saying SBF is seeking a pardon but doesn’t realize that the CLARITY Act could result in a sentence far exceeding 25 years. She emphasized that her legislative proposal is completely different from the bill SBF tried to buy from Congress in 2022 and clearly stated, “We neither need nor want SBF’s support.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Kalshi Files Lawsuit Against Iowa Regulators
Kalshi has sued Iowa regulators, claiming that they may impose restrictions on its federally regulated sports-related event contracts, risking enforcement action against the platform. This legal battle underscores the tension between state and federal oversight of prediction markets.
TodayqNews13m ago
Refuse to risk lives! U.S. lawmakers introduce legislation banning market prediction wars & death bets
U.S. Senator Adam Schiff has introduced the "Death Betting Act," which fully bans contracts related to terrorism, war, and death in prediction markets. The aim is to eliminate CFTC's regulatory flexibility and prevent national security risks. This move is a direct challenge to the recent relaxation of regulation by the CFTC and emphasizes that such bets will facilitate insider profits and are detrimental to public interest. This bill and similar actions are intended to respond to the ethical controversies sparked by prediction markets.
CryptoCity26m ago
New Zealand Financial Markets Authority rules that the stablecoin NZDD is not a financial product
The New Zealand Financial Markets Authority has ruled that the stablecoin NZDD, pegged to the New Zealand dollar, does not qualify as a financial product. This determination stems from its fintech sandbox pilot, emphasizing that NZDD does not have an investment nature. This ruling provides clarity for stablecoin regulation but is limited to specific versions of NZDD.
GateNews48m ago
New Zealand regulatory stance: NZDD stablecoin is not classified as a financial product, marking a key change in the crypto regulatory framework
New Zealand's financial regulatory authority FMA confirms that the NZDD stablecoin pegged to the New Zealand dollar is not a financial product, marking a gradual clarification in digital asset regulation. The FMA states that NZDD does not generate income and does not meet the definition of debt securities. This decision provides a legal classification for stablecoins and promotes the expansion of fintech sandbox projects, which is expected to foster market development.
GateNews50m ago
No more talking past each other! The SEC and CFTC sign a historic partnership, cryptocurrency regulation will be coordinated and integrated
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have signed a historic memorandum of understanding, ending jurisdiction disputes over digital assets and moving towards a unified and harmonized regulatory framework. This move aims to streamline regulatory processes, reduce compliance costs, and promote transparent rules and innovation. The two agencies have established the "Joint Harmonization Initiative," planning to develop regulatory strategies based on the principle of the minimum effective dose, integrating joint review mechanisms into daily operations to strengthen the United States' competitiveness in the global digital asset market.
CryptoCity1h ago
