SEC or CFTC? Picking the Right Boss!
Ever felt like crypto is stuck in an awkward custody battle between the SEC and the CFTC? ๐ง
For too long, the lack of a clear boundary has left the industry navigating a complex maze of "regulation by enforcement." ๐๏ธ
But a major shift is finally on the horizon! President Trump is calling on Congress to pass the Digital Asset Market Clarity Act. ๐$DOT
This legislation aims to draw a clear line in the sand, granting the CFTC jurisdiction over digital commodities while defining the SECโs specific reach. โ๏ธ
By ending this jurisdictional tug-of-war, the act provides the stable, predictable framework that professional investors and developers have been waiting for. ๐
It is a massive step toward transparency and institutional growth! ๐โจ