Clarity Act Defeat Pushes Crypto Rules From Congress to Regulators
TL;DR
Senate votes 49-50 to block the Clarity Act, ending a year of bipartisan talks and shifting momentum from Congress to regulators as the path forward for crypto rules. The SEC tied a tokenized-stock exemption to the Act’s failure, while the CFTC issued no-action relief and moved broader rulemaking toward the White House, signaling a regulator-led roadmap despite Democrats insisting the bill isn’t dead and negotiations may resume.
- How the Clarity Act's Defeat Handed the SEC and CFTC the Wheel on Crypto Decrypt
- Bitcoin survived brutal week of market shocks. Still, analysts are deeply split on what happens next. CoinDesk
- Failure of Clarity Act Turns Crypto Industry Focus to Federal Regulators WSJ
- The crypto industry saw Trump as its savior. His crypto business just snagged a key bill CNN
- CFTC Seeks White House Review on Crypto Rules After Bill Fails Bloomberg.com
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