CLARITY Act Passage in Doubt as Agencies Take Action

The CLARITY Act, a bill aimed at clarifying the U.S. crypto market structure, now looks less likely to pass in 2026 due to fading legislative momentum and a shift towards faster agency action.

Galaxy Research's latest report points out that Congress and regulators are no longer moving on the same timeline, creating uncertainty for exchanges, issuers, and compliance teams.

The SEC and CFTC have responded by pushing administrative measures such as rulemaking, interpretive guidance, and regulatory exemptions to clarify digital asset issuance, trading, and supervision while the legislative path remains blocked.