# CFTC Related Articles

HTX News Center provides the latest articles and in-depth analysis on "CFTC", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Senate Postpones Vote on CLARITY Act on Monday; Five Days Remain Before Deadline

The US Senate has delayed a vote on the CLARITY Act, a House-passed bill aimed at establishing a regulatory framework for digital assets by dividing oversight between the SEC and CFTC. With only five days left before the August recess, and no vote scheduled for Monday, the bill faces a tight deadline for passage before legislators leave until September 14th. Supporters, including former Defense Secretary Mark Esper, frame the legislation as a national security imperative. However, internal disagreements among senators on enforcement powers, DeFi, AML rules, and stablecoin provisions are causing delays. Industry pressure from entities like Grayscale and Coinbase is intensifying for a pre-recess vote, warning that inaction threatens U.S. competitiveness. Critics, including some Democrats and New York Attorney General Letitia James, argue the bill contains security gaps, weakens state-level enforcement, and raises ethical concerns regarding former President Trump's crypto-related income. If the Senate fails to act by Friday, the bill risks being sidelined by other priorities in the busy election season, prolonging regulatory uncertainty for the crypto industry.

cryptonews.ru08/03 11:56

Senate Postpones Vote on CLARITY Act on Monday; Five Days Remain Before Deadline

cryptonews.ru08/03 11:56

SEC to Review Approval of Nasdaq's Bitcoin Options Following CME's Challenge

The U.S. Securities and Exchange Commission (SEC) has suspended its approval of Nasdaq PHLX's cash-settled bitcoin index options (QBTC) and will review the decision following a legal challenge from CME Group, according to a July 31 order. The SEC had granted conditional approval for the product in May, pending an exemption from the Commodity Futures Trading Commission (CFTC). CME Group petitioned against the SEC's approval in June, arguing that bitcoin is a commodity. Consequently, options directly linked to its price should fall under the exclusive jurisdiction of the CFTC, not the SEC. CME contends that if it is correct, the SEC lacks the authority to approve QBTC. This would require Nasdaq to register as a CFTC-regulated futures or swaps exchange or redesign the contracts to track bitcoin-related securities like a spot ETF. The petition also warns that the SEC's approval could set a precedent allowing securities exchanges to list derivatives on other commodities. Notably, Nasdaq's proposed contracts would utilize CME CF benchmarks. The SEC's order suspends the May approval and invites public comments until August 24. The stay took effect on June 11. The SEC's initial approval was contingent on CFTC exemptions, which CME argues agencies cannot use to transfer a product between regulators. QBTC will remain on hold pending a full commission review.

cryptonews.ru08/03 11:51

SEC to Review Approval of Nasdaq's Bitcoin Options Following CME's Challenge

cryptonews.ru08/03 11:51

Robinhood's Revenue Structure Undergoes Dramatic Shift: Predictive Markets Revenue Surpasses Stock Trading

Robinhood's revenue structure has undergone a major shift, with income from its prediction markets now surpassing that from stock trading. In its Q2 report, Robinhood revealed prediction market revenue soared over tenfold year-over-year to $156 million, accounting for 20% of total trading revenue and becoming its second-largest trading business after options, less than two years after its launch. Analysts attribute this growth to the platform's user base, which is drawn to the instant, simple "yes/no" betting format on real-world events like sports and elections. The recent surge was significantly driven by the World Cup. Robinhood initially partnered with platform Kalshi but has since moved to gain more control by co-founding its own trading platform, Rothera, with Susquehanna International Group, reducing its dependence on Kalshi. While Robinhood's prediction market business is growing rapidly—now at a $600+ million annualized revenue run rate—Kalshi remains the dominant player in the space. The industry is attracting new competitors like Coinbase but faces regulatory uncertainty, with ongoing legal challenges over whether prediction markets constitute unregistered gambling or fall under financial derivatives regulation.

marsbit08/03 11:41

Robinhood's Revenue Structure Undergoes Dramatic Shift: Predictive Markets Revenue Surpasses Stock Trading

marsbit08/03 11:41

Kalshi and Polymarket Trading Volume Sets Record

Trading volume on prediction platforms Kalshi and Polymarket set a record in July. Kalshi remained the largest platform, with monthly trading volume reaching $37.7 billion, a 14% increase from June. Meanwhile, volume on the international Polymarket fell 26% to $7.9 billion, while its US-regulated counterpart, Polymarket US, saw a 54% rise to $5 billion. The combined volume for both Polymarket entities decreased from $14 billion in June to $12.9 billion in July. Analysts attribute Kalshi's growth to its decision to open access to all U.S. users in May, removing registration restrictions. The primary driver for increased betting volume in July was the FIFA World Cup, held from June 11 to July 19. Kalshi's market for the final match attracted about $1.9 billion, while bets on the tournament winner on Polymarket reached approximately $4 billion. Following the tournament's conclusion, activity declined significantly. The aggregate open interest across Polymarket, Polymarket US, and Kalshi fell from around $2 billion in early July to $1.2 billion by month's end. According to earlier Chainalysis estimates, total World Cup-related contract volume on these platforms was $20 billion, accounting for about 63% of all activity on prediction platforms during the qualifiers and tournament.

cryptonews.ru08/03 09:16

Kalshi and Polymarket Trading Volume Sets Record

cryptonews.ru08/03 09:16

Trump Considers a Counteroffer on Ethics Issues as August Deadline for CLARITY Act Looms

Former President Trump is considering a bipartisan counterproposal on ethics provisions as the fate of the Digital Asset Market Clarity (CLARITY) Act remains uncertain ahead of an August deadline. The bill aims to establish a federal regulatory framework for crypto companies, dividing oversight between the SEC and CFTC. The White House is reviewing a revised enforcement mechanism that would allow state attorneys general, not just the Justice Department, to police conflicts of interest for senior officials in the crypto sector. Republican Senator Thom Tillis and Democratic Senator Ruben Gallego have submitted a compromise ethics proposal to close loopholes in an earlier version, including a provision granting the Justice Department exclusive enforcement power. Democrats have pointed to Trump's own substantial crypto income as a reason for wanting independent oversight. The CLARITY Act passed the House in July 2025 with significant bipartisan support but faces a tight Senate vote requiring at least seven Democratic votes. With a week left before a recess, industry leaders are watching closely as negotiators work to finalize the language.

cryptonews.ru08/01 19:22

Trump Considers a Counteroffer on Ethics Issues as August Deadline for CLARITY Act Looms

cryptonews.ru08/01 19:22

Coinbase Executive 'Steadily Optimistic' About CLARITY Act's Chances of Passage

Coinbase's head of institutional strategy, D'Agostino, expresses steady optimism about the passage of the CLARITY Act, a key digital asset market structure bill. He compares the current chaotic negotiations to those preceding the successful last-minute passage of the 2025 stablecoin $GENIUS Act, suggesting the process is normal. The bill would create the first federal framework, dividing oversight between the SEC and CFTC based on token classification. Coinbase's policy director echoed this, stating substantive issues are resolved. However, market confidence is lower. JPMorgan analysts give it a 37% chance, and prediction markets assign 31%. The bill faces a tight timeline, needing 60 Senate votes before the August 8 recess, with its consideration delayed by other legislative priorities. CEO Brian Armstrong struck a more reserved tone, stating Coinbase would be fine even if the bill fails before the recess, as it already follows many of its proposed practices. He noted a regulatory backup plan exists: the SEC and CFTC could use existing authority to issue their own market structure rules. This plan changes the stakes, as agency rules are easier to revise than passed legislation. Armstrong sees the recess deadline as a useful pressure tactic but indicates the bill's passage is not existential for Coinbase.

cryptonews.ru08/01 19:22

Coinbase Executive 'Steadily Optimistic' About CLARITY Act's Chances of Passage

cryptonews.ru08/01 19:22

The Long-Awaited Cryptocurrency Bill Known as the 'Clarity Act' Reaches a Critical Juncture: White House to Review It This Weekend

The future of the U.S. cryptocurrency market regulation, the CLARITY Act, is at a critical stage, with its advancement potentially hinging on a White House decision this weekend. The Trump administration is reviewing a new bipartisan ethics proposal from Senators Tom Tillis (R) and Ruben Gallego (D). This counter-proposal aims to empower state attorneys general to prosecute federal officials if the Justice Department fails to enforce ethics and conflict-of-interest rules, addressing Democratic concerns about DOJ enforcement under the current administration. If an agreement on these ethics provisions is reached, a Senate vote on the CLARITY Act could proceed, though it still requires 60 votes for passage. The bill, which passed the Senate Banking Committee, seeks to clarify the regulatory roles of the SEC and CFTC over crypto assets and establish a comprehensive market structure. Key compromises include regulations for stablecoin yield programs, allowing rewards tied to transactions or platform use while limiting interest-like payments based solely on token holding. Failure to reach an ethics deal could stall the bill's progress, prolonging uncertainty for stablecoin rewards and related regulations.

cryptonews.ru08/01 13:36

The Long-Awaited Cryptocurrency Bill Known as the 'Clarity Act' Reaches a Critical Juncture: White House to Review It This Weekend

cryptonews.ru08/01 13:36

"Every Day Without Rules Is a Loss of Capital": Grayscale Appeals to Senate Over CLARITY Act

Grayscale Investments has sent an open letter to U.S. Senate leaders urging a vote on the CLARITY Act before Congress's August recess. The letter, from Grayscale's Chief Legal Officer Craig Salm, argues the U.S. crypto industry has long operated without a comprehensive regulatory framework, relying instead on unpredictable "regulation by enforcement." The CLARITY Act aims to establish clear market rules, define jurisdictional boundaries between the CFTC and SEC, and enhance U.S. competitiveness. Grayscale warns that each day of delay sees talent, innovation, and capital flow to jurisdictions like Singapore and Abu Dhabi that already have clear regulations. The bill has advanced through committee stages and now awaits a full Senate vote. While acknowledging a busy legislative calendar, Grayscale respectfully requests a pre-recess vote to provide long-awaited regulatory certainty. The push comes amid ongoing political debate around the bill, which has faced delays due to other priorities and criticism from some state officials and bankers concerned about fraud risks and stablecoin provisions.

cryptonews.ru08/01 09:58

"Every Day Without Rules Is a Loss of Capital": Grayscale Appeals to Senate Over CLARITY Act

cryptonews.ru08/01 09:58

Saylor and Strategy Inc. Officially Endorse the CLARITY Act Bill Concerning Cryptocurrencies in the US

On July 31, Strategy Inc. (MSTR), the world's largest corporate holder of Bitcoin, announced its endorsement of the bipartisan CLARITY Act (Digital Asset Market Clarity Act). The company framed the bill as promoting market growth, institutional investor participation, consumer protection, and individuals' rights to own and control digital assets. Executive Chairman Michael Saylor added his influential voice, stating that while Bitcoin will succeed with or without regulation, America needs clarity for digital assets. The support comes as the Senate considers market structure legislation that would define regulatory roles for the SEC and CFTC and establish registration procedures for exchanges and custodians. The endorsement coincides with Strategy's Q2 report, which showed a significant net loss largely due to Bitcoin's volatility, underscoring the direct relevance of digital asset regulation to its shareholders and capital-raising strategy. Saylor's broader views link Bitcoin's long-term value to regulatory certainty and stable protocol rules. Political pressure is mounting as supporters have initiated nearly 1 million messages urging lawmakers to advance digital asset bills. However, legislative prospects remain uncertain, with one research firm lowering its passage probability estimate to 30%, even as crypto owners indicate the issue could influence their votes in the upcoming midterm elections.

cryptonews.ru08/01 09:36

Saylor and Strategy Inc. Officially Endorse the CLARITY Act Bill Concerning Cryptocurrencies in the US

cryptonews.ru08/01 09:36

Lummis: The CLARITY Act mechanism "is not working" as the Senate drags its feet

U.S. Senator Cynthia Lummis has argued that the current regulatory framework for digital assets is inadequate, harming industry, investors, and regulators alike. She is urgently pushing for the Senate to pass the Digital Asset Market Clarity Act (H.R. 3633/CLARITY Act) before the August recess, warning the current momentum for the bill is a unique opportunity this decade. The legislation aims to divide oversight between the SEC and CFTC. Time is running out, as the Senate must act before its August 8th recess. Delays would push the debate to September, further squeezing the legislative calendar before the midterm elections. Forecasting platforms now estimate only a 30% chance of the bill becoming law in 2026, a sharp drop from over 80% in February. Passage requires 60 votes, meaning at least seven Democrats must join Republicans, a task complicated by Democratic opposition. Key objections from figures like Senator Elizabeth Warren center on concerns the bill could weaken oversight of decentralized finance (DeFi) and consumer protection, potentially endangering the financial system. Over 200 crypto industry organizations, including Coinbase and Ripple, are lobbying for a vote, arguing continued uncertainty drives innovation and jobs overseas. Lummis contends the bill's custody and disclosure rules are precisely the consumer protections needed to close existing loopholes. The bill's fate now hinges on whether Senate Majority Leader John Thune schedules a vote this week or delays it until the fall session, where it would face an even more constrained political environment.

cryptonews.ru07/31 11:56

Lummis: The CLARITY Act mechanism "is not working" as the Senate drags its feet

cryptonews.ru07/31 11:56

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