White House says it received no Democratic nominees for SEC, CFTC vacancies

The post CLARITY Act Faces CFTC Vacancy Fight Before Senate Floor Vote appeared on BitcoinEthereumNews.com. TLDR: The CLARITY Act faces a fresh political hurdle as White House officials and Senate Democrats dispute vacant SEC and CFTC seats. The CFTC vacancies matter since the crypto bill could give the agency broad authority over spot digital commodity markets. White House officials said they requested Democratic nominee names for SEC and CFTC seats but had not received a response. Senate talks now include nominations, ethics language, DeFi rules, and the timeline for passing the wider crypto bill. The CLARITY Act has moved into a new Senate pressure point as the White House and Democrats trade claims over vacant SEC and CFTC seats. White House officials told Senate leaders that the administration sought Democratic names for both agencies but had not received them. Democrats have argued that missing commissioners weaken the agencies expected to shape digital asset rules. The dispute n

Grewal's departure post-SEC victory signals a pivotal shift in Coinbase's legal strategy, potentially influencing future crypto regulations. The post Coinbase’s chief legal officer Paul Grewal departs after SEC victory lap appeared first on Crypto Briefing.

The post With SEC fight over, Coinbase’s top legal exec Grewal moves on, and others reassigned appeared on BitcoinEthereumNews.com. Coinbase Chief Legal Officer Paul Grewal is leaving the company after its high-profile, years-long legal fight with U.S. regulators, and the U.S. exchange also announced further changes to its senior leadership. Grewal is departing to work at a startup, according to a Thursday announcement from Coinbase. Molly Abraham will now lead the company’s legal team as general counsel, and Ryan Van Grack will become vice chairman, in what’s anticipated to be a broader and more public-facing role. “Leading Coinbase’s legal team through the biggest fight of our industry has been the single greatest achievement of my six-year tenure,” Grewal said in a statement. “Our legal wins helped ensure crypto not only had a future in this country, but could flourish.” His statement continued on to say he would continue as an adviser to Coinbase, and would work on Coinbase’s trust

The post Hyperliquid Policy Center And Phantom Pressure CFTC To Modernize Onchain Software Rules appeared on BitcoinEthereumNews.com. The push to get U.S. regulators to adapt their rulebooks to onchain reality just gained new momentum. Hyperliquid Policy Center (HPC) and Phantom submitted a joint comment letter to the Commodity Futures Trading Commission, as detailed in the original report. The letter asks the agency to modernize its regulatory framework so that publishing onchain protocol software does not, by itself, trigger registration requirements. The filing arrives at a delicate moment for decentralized exchange infrastructure. Hyperliquid has grown into a leading derivatives venue built entirely on a self-custodial model, while Phantom’s non-custodial wallet reaches millions of users across Solana, Ethereum, and Bitcoin. Together they represent a growing cohort of protocols that argue the CFTC’s existing rules were written for custodial intermediaries—centralized order books, b

The post Hyperliquid Urges CFTC to Exempt DeFi From Legacy Rules in July 9 Filing appeared on BitcoinEthereumNews.com. Hyperliquid News The Hyperliquid Policy Center (HPC), together with non-custodial wallet provider Phantom, has formally asked the US Commodity Futures Trading Commission (CFTC) to stop treating decentralized finance like traditional financial intermediaries. The joint comment, filed ahead of the agency’s July 9 deadline, argues that on-chain protocol software and self-custody wallets are tools, not brokers, and that the derivatives rulebook was never written for them. The filing responds to a Request for Information the CFTC issued on June 18, which invited the industry to identify rules that obstruct financial technology. HPC frames the submission as squarely within the commission’s existing authority to act. The comment lays out three concrete requests. First, it asks the CFTC to confirm that publishing on-chain protocol code does not, by itself, require registration

SEC personnel announcements are easy to ignore until enforcement priorities start showing up in the market. The agency’s Chicago Regional Office appointment matters because regional offices are part of the enforcement ma

Modernizing CFTC rules could foster US-based onchain derivatives innovation, reducing offshore reliance and enhancing market efficiency. The post Phantom and Hyperliquid urge CFTC to modernize onchain derivatives rules appeared first on Crypto Briefing.

The post White House Says it Received no Democratic Response Related to SEC, CFTC Vacancies appeared on BitcoinEthereumNews.com. White House officials claimed that they had “not received names” in response to requests to Senate Democrats for potential commissioners to two US financial regulatory agencies. In a Thursday letter to US Senate majority leader John Thune and minority leader Chuck Schumer, White House officials said that they had already solicited names from Senate Democrats for the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The leadership panels of both financial agencies are understaffed, with only Republican members nominated and confirmed by the Senate. The letter came in response to a June 10 request from 12 Senate Democrats over staffing concerns at US federal agencies, including the SEC and CFTC. Although US President Donald Trump has put forward some Democratic names for positions at agencies, including the National Labor