Crypto
US Regulatory Uncertainty Weighs on Crypto Markets
The US Senate's failure to pass the CLARITY Act has delayed regulatory decisions on digital assets, but not abandoned them. The bill's fate is uncertain, as it remains on the agenda with limited working days left in 2026.
Institutional investors prioritize predictability over philosophical alignment with regulations. The unresolved issues include federal and state regulator powers, stablecoin yields, banking safeguards, and software developer protections.
The GENIUS Act has established a framework for stablecoins, while the Securities and Exchange Commission and Commodity Futures Trading Commission have scope to provide clarity through rulemaking, exemptions, and transitional measures.