Speakers at a regulatory roundtable during TOKEN2049 in Singapore discussed how U.S. crypto oversight could move forward after the CLARITY Act stalled in the Senate this year. Brian Quintenz, a former commissioner at the Commodity Futures Trading Commission and now a director at SUI Group Holdings, said market clarity delivered through enforcement and regulatory action by the Securities and Exchange Commission and the CFTC could reach a level comparable to what legislation might achieve. Jake Chervinsky, CEO of the Hyperliquid Policy Center, said Hyperliquid can serve as infrastructure on which market participants build compliant markets. Deepa, vice chair and managing director of Dubai’s Virtual Assets Regulatory Authority, said regulated derivatives business has driven a sevenfold increase in trading activity in Dubai. Kraken co-CEO Arjun Sethi said top European clients are moving business to Dubai, Singapore, and Hong Kong.
At a TOKEN2049 regulatory roundtable in Singapore on Oct. 8, industry participants discussed how crypto regulation may advance in the United States after the CLARITY Act stalled in the Senate this year.
Brian Quintenz, a former commissioner at the Commodity Futures Trading Commission (CFTC) and a director at SUI Group Holdings, said market clarity provided through regulatory action by the Securities and Exchange Commission (SEC) and the CFTC could reach a level comparable to what legislation can deliver.
Jake Chervinsky, CEO of the Hyperliquid Policy Center, said Hyperliquid can function as infrastructure for market participants to build compliant markets on top of it.
Deepa, vice chair and managing director of Dubai’s Virtual Assets Regulatory Authority (VARA), said regulated derivatives business has driven a sevenfold increase in trading activity in Dubai.
Kraken co-CEO Arjun Sethi said top European clients are moving their business to Dubai, Singapore, and Hong Kong.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
