U.S. Crypto Bill Failure Unlikely to Slow Digital Asset Market — Market Talk

The U.S. Clarity Act on digital assets failing to clear a procedural vote will not slow the digital market down, says XREX Group's co-founder and group chief executive Wayne Huang in a commentary. Markets had widely expected the result amid disagreement over key points in the bill to set a regulatory framework for crypto. Still, Huang notes that stablecoin adoption and real-world use cases are already moving faster than the legislative process. The Securities and Exchange Commission and Commodity Futures Trading Commission can also still provide greater clarity through rulemaking and regulatory guidance, even without legislation, Huang says.([email protected])