From Cointelegraph
June 17, 2025 2:45:00 pm:

Washington representatives are proposing the Clarity Act to regulate crypto, designating it as a “digital commodity” under the CFTC’s jurisdiction. However, the agency faces challenges due to vacancies and political dynamics. The nomination of Brian Quintenz as CFTC chair has been delayed, impacting the agency’s ability to regulate the crypto industry effectively.

The CFTC is currently deadlocked with two Democratic and two Republican commissioners, with vacancies exacerbating the situation. The delay in Quintenz’s confirmation, along with the departure of other commissioners, hampers the agency’s ability to issue regulations and take enforcement actions. The future of the CFTC’s capacity and operations remains uncertain.

The betting industry’s delays in obtaining regulatory clarity from the CFTC serve as a cautionary tale for the broader cryptocurrency industry. The agency’s handling of federally regulated sports betting cases highlights capacity issues and the need for regulatory certainty. The industry must consider the implications of relying on a potentially constrained regulatory body for its future.

Read more at Cointelegraph: Regulatory uncertainty looms as CFTC struggles with vacancies