‘RUNNING OUT OF TIME': Crypto THREATENED as Wall Street fights CLARITY

• CFTC is proposing new rules for prediction markets and perpetual futures to establish clear guidelines and bring trading onshore, preventing illicit activities and offshore migration.
• The CLARITY Act is a key legislative effort to provide regulatory certainty for crypto, though traditional banks like JPMorgan's Jamie Dimon express strong opposition due to concerns about investor protection and AML/KYC.
• The US aims to be the crypto capital of the world by embracing innovation and tokenization, with expectations of major IPOs from companies like SpaceX, OpenAI, and Anthropic.

CFTC Chairman Michael Selig discusses new regulatory frameworks for prediction markets and perpetual futures, aiming to bring innovation onshore with clear rules while protecting investors. He highlights the potential of tokenization and the need for the US to lead in crypto, despite opposition from traditional banking figures like Jamie Dimon.