US Crypto Market Structure Bill Is Finally Here: Will It Start an Altcoin Rally?
The House of Representatives has introduced the Digital Asset Market Clarity Act, granting the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over digital commodity cash or spot markets. Crypto platforms must register with either the CFTC or the Securities and Exchange Commission (SEC) based on the assets they offer. Registered platforms must comply with the Bank Secrecy Act, including KYC requirements and suspicious activity monitoring. The Act clarifies that stablecoins are not securities, placing their regulation under existing oversight of the firms involved. The Stablecoin Bill is set for discussion, aiming for clearer rules in stablecoin management. The CLARITY Act is seen as a step towards a more organized crypto market, potentially boosting investor confidence. Notable altcoins include MIND of Pepe ($MIND), a presale token leveraging AI for market insights; SUBBD Token ($SUBBD), aimed at enhancing the online creator economy; and SPX6900 ($SPX), a meme coin linked to the S&P 500 index, showing significant recent gains. Investors are advised to approach with caution due to market volatility.
