CLARITY Act Fails as US Regulators Clear 3x ETPs
The CLARITY Act has failed in the United States, even as the first 3x leveraged Bitcoin and Ethereum exchange-traded products clear regulatory hurdles.
The proposed CLARITY Act has failed to advance in the United States, according to reports from Ccn. The legislative setback leaves retail cryptocurrency trading in the country without additional federal protections.
Simultaneously, the first 3x leveraged Bitcoin and Ethereum exchange-traded products have cleared regulatory hurdles in the United States. The approvals mark a notable development for structured crypto derivatives products within the jurisdiction.
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Key facts
- The CLARITY Act is dead, leaving US retail crypto without new protections
- The first 3x Bitcoin and Ethereum ETFs cleared US regulatory hurdles
- The reports were published by Ccn
Source: news.google.com
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