SEC Cancellation Sparks Clarity Act Momentum
The SEC's August 14 crypto rulemaking meeting was abruptly canceled due to an 'unforeseen scheduling issue', leaving the industry without a regulatory signal. According to Nate Geraci, President of The ETF Store and co-founder of the ETF Institute, this cancellation may be a good sign for the CLARITY Act.
Geraci believes that certain influential Senators may have come to their senses and realized that the SEC could move forward on crypto innovation regardless of Congressional action. This realization may have driven behind-the-scenes pressure, signaling renewed urgency around the CLARITY Act's passage.
The SEC had made its intentions clear before the cancellation, with Chair Paul Atkins stating that the agency is 'ready, willing, and able to come out with rules' whether Congress acts or not. Commissioner Hester Peirce echoed this position, confirming that the SEC will advance work on custody, tokenized securities trading, and fundraising frameworks for crypto assets.
The CLARITY Act has 53 Republican Senate votes locked in for cloture, but it needs 60 to clear the filibuster. With a cloture vote scheduled for September 15, 2026, Senator Bernie Moreno confirmed an agreement is in place, and all parties are expected to honor their commitments.