Crypto Markets Rally as SEC and CFTC Move Ahead of CLARITY Act
The CLARITY Act failed to advance in the Senate on September 16, 2026, but crypto markets unexpectedly rallied afterward.
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) responded quickly, announcing new steps on tokenized assets, market rules, and custody within days.
SEC Chair Paul Atkins stated that the agency is working to bring regulatory clarity to crypto, supporting digital finance innovation and giving the market more certainty.
The SEC's Innovation Exemption for certain tokenized-stock trading was announced on September 17, and on October 1, the SEC proposed crypto-asset custody rules for investment advisers and funds.
The CFTC sent its crypto-market rule proposal to the White House for review on September 18 and updated its guidance on September 24, covering tokenized investments and blockchain recordkeeping.