CLARITY Act Failure Shifts US Crypto Rules to Agencies: Experts
Bernstein says the SEC and CFTC will move quickly to set token, DeFi and sports contract rules after the Senate blocked the bill.
- On Tuesday, the Senate failed to pass a cloture motion on the Digital Asset Market Clarity Act, which would have established the country's first regulatory framework for digital assets.
- Following the failed vote, Bernstein analysts expect "aggressive and swift" rulemaking from the SEC and the Commodity Futures Trading Commission to compensate for lost negotiation time.
- The SEC proposed rules on Aug. 19 to create a "clear and fit-for-purpose framework for certain investment contracts involving crypto assets," allowing token issuances up to $5 million over four years.
- SEC Chair Paul Atkins told CNBC on July 27 the agency was "ready, willing, and able to come out with rules" if the Senate failed to pass the legislation.
- Bernstein analysts view a re-vote of the Act as unlikely, noting that upcoming agency regulations will cover token taxonomy, developer protection measures, and innovation exemptions for equity tokenization.
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After Clarity Act Stalls, SEC and CFTC Say They'll Write Crypto Rules on Their Own
SEC Chair Paul Atkins and CFTC Chair Michael Selig said Wednesday they will act under existing authority after the Clarity Act stalled. JPMorgan analysts noted agency rules can be repealed by later administrations or challenged in court.
CLARITY Act failure shifts US crypto rules to agencies: experts
The failed Senate vote on the CLARITY Act has shifted attention toward the SEC and CFTC, while crypto founders and investors prepare for a longer period without a federal market structure law, industry experts told crypto.news. The U.S. Senate failed…
Cointelegraph
Bernstein Expects ‘Aggressive’ Rulemaking from SEC, CFTC, Following CLARITY Act Failure
Bernstein said it expects “aggressive and swift” rulemaking from the SEC and CFTC, after the CLARITY Act failed to pass a cloture vote on Tuesday.
On September 16, the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) successively indicated their intention to leverage their existing legal authority to advance the development of regulations surrounding crypto assets (virtual currencies)... The post Clarity Bill Stalls, SEC and CFTC to Seriously Begin Regulation Development first appeared on NADA NEWS.
CFTC Chairman Michael Selig Vows Bold Crypto Push In 2026
After the Senate's 49-50 failure to advance the CLARITY Act, CFTC Chairman Michael Selig called the outcome unfortunate and said the CFTC is locked in and ready to ship crypto market-structure rules, shifting US crypto regulation decisively from Congress to agency-led rulemaking.
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