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The CFTC’s move also comes as other US regulators continue to craft their own crypto policies. The agency and the Securities and Exchange Commission (SEC) jointly issued an interpretation in March on how certain crypto assets would be treated under federal securities laws.
A lot of bigger questions remain without the CLARITY Act. The bill aimed to establish a federal framework for digital commodities and delineate the roles of the SEC and the CFTC.
Its failure also leaves unresolved disputes over prediction markets and state and tribal gaming authorities, outside a comprehensive congressional framework. Those issues took on new significance during Senate floor debate over the bill, as concerns about federal commodities oversight extended to markets typically regulated at the state or tribal level.
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He described online gambling and betting as a “social scourge“. Some people, he said, “after repeated losses and financial difficulties, have been driven to despair, sometimes to the point of contemplating suicide”.
The committee considered the bill once, on 3 February, and has since taken no further action.
Meanwhile the government has been approaching the issue via a new bill. Sports minister Sadok Mourali said in November 2024 that a gambling and sports betting bill had been circulated for consultation. Twenty-six public institutions received that consultation, including the central bank, Competition Council and financial intelligence authority.
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How Bitcoin SV provides data ledger for Internet of Things – The Internet of Things depends on fast, unfailing data. This recap from a CoinGeek Live 2020 presentation explains how the Bitcoin SV’s low transaction fees allows that data to be stored on the blockchain for minimal costs.
Bitcoin SV is capable of 9000 transactions per second – In January 2021, the Bitcoin SV (BSV) Scaling Test Network (STN) reached a new height processing over 9,000 transactions per second. If your business needs an enterprise solution the TPS potential opens up a world of possibilities as to what can be done on-chain.
Bitcoin SV is capable of enterprise data management – At Sir Anthony Ritossa’s 13th Global Family Office Investment Summit in Dubai, a panel of Bitcoin experts explained how Bitcoin SV is already helping enterprises and governments, digitizing currency and data to solve existing challenges.
Bitcoin SV, big data and the Internet of Things – This article recaps a few of the large non-gaming enterprises that have integrated or are starting to integrate Bitcoin SV into their operations. Notably EHR Data, a data driven health services company, and UNISOT, a global supply chain company have already found success with Bitcoin SV.
