US Regulators Press On with Crypto Policy Despite CLARITY Act Stall
The US government is moving forward with cryptocurrency and tokenization developments, despite the recent setback of the stalled CLARITY Act. The Act, which aimed to establish a clear framework for digital asset regulation by dividing oversight between the SEC and Commodity Futures Trading Commission, failed to pass in the Senate last month. However, US regulators have proceeded with initiatives under their existing authority, including the SEC's recent 'Innovation Exemption' for tokenized stocks and approval of a tokenized securities proposal.
Market observers suggest that these regulatory actions indicate a move towards developing crypto policy through agency rulemaking rather than waiting for Congressional legislation. This trend is evident in the current market behavior, which suggests a decreased likelihood of the CLARITY Act being signed into law in 2026.
Regulatory actions by US agencies appear consistent with a scenario where the CLARITY Act remains stalled. The current market price for the CLARITY Act being signed into law by 2026 reflects a 5% probability, unchanged from the previous day but down from 6% a week ago.