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CFTC's Two-Tier Market, SEC Custody Rules & XRPL's Stablecoin Shift | Oct 5-6
Audio is available on Spreaker — see link below.
The CLARITY Act is dead and the CFTC is moving unilaterally — here's what a two-tier crypto regulatory framework means for XRP and XRPL institutional growth. Plus, Clearpool's XRPL expansion is approved, but the token economics may not be what XRP holders expect.
Audio is available on Spreaker — see link below.
The CLARITY Act is dead, and the CFTC isn't waiting around. On October sixth, CFTC Chair Selig announced the agency will move forward regulating crypto without congressional authorization.
Here's what the CFTC's workaround actually looks like. Proposals filed September seventeenth would require leveraged exchanges to register at the federal level while spot exchanges remain under state oversight.
Separately, the SEC filed its own piece of this patchwork on October first. New proposed custody rules for crypto investment advisers and funds are now in a sixty-day public comment period.
On the institutional side, Clearpool's community voted October fifth to approve an expansion onto the XRP Ledger. The token migration from CPOOL to CLEAR is targeted for the fourth quarter of twenty twenty-six, with roughly one point one billion CLEAR in planned circulation.
XRP closed October fifth at one dollar and fifty cents, down zero point eight three percent on the day. RSI cooled to fifty-seven.
The near-term watchpoints are straightforward. Watch whether major exchanges voluntarily register with the CFTC under the new proposals.
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