The White House has invited crypto and predictive markets leaders to a meeting on August 19. This meeting comes just before the Commodity Futures Trading Commission's (CFTC) Innovation Advisory Committee meeting on August 20. The CFTC meeting will discuss regulatory evolution of crypto and emerging technologies. According to Politico, the White House meeting will include traditional finance actors, but the attendee list is uncertain. The CFTC meeting will be livestreamed and allow public comments until August 27.
Regulatory Background
The Clarity Act, which aims to clarify crypto regulation, is still pending in the Senate with a vote scheduled for September 15. The Securities and Exchange Commission (SEC) may write its own rules if Congress fails to pass the Act.
Industry Impact
These meetings demonstrate the industry's influence through informal gatherings while Congress delays. Some see this as a deliberate strategy to build regulatory infrastructure through smaller meetings.
