Regulators Shift Focus After CLARITY Act Fails in Senate
The Senate's failed vote on the CLARITY Act has shifted the focus of U.S. crypto regulation towards federal agencies, particularly the Commodity Futures Trading Commission (CFTC). CFTC Chairman Michael Selig stated that his agency can advance crypto rules under its existing statutory authority.
Strategy Executive Chairman Michael Saylor also expects regulators to move forward without waiting for new legislation. He believes that banks will expand Bitcoin custody and Bitcoin-backed lending, directing more capital towards digital assets.
The SEC has signaled plans to use its statutory authority on digital assets, with Chairman Paul Atkins stating that the agency will act within its existing powers with or without new legislation. Analysts expect the SEC and CFTC to focus on token classification, decentralized finance, self-custody infrastructure, and tokenized equities.