U.S. regulators rush to write crypto rulebook after Clarity Act stalls in Senate

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1. 1h ago

   U.S. Regulators Draft Crypto Rules as Clarity Act Stalls in Senate

   Federal regulators are accelerating the creation of a cryptocurrency rulebook following the stalling of the Clarity Act in the Senate. The Commodity Futures Trading Commission has filed crypto asset rulemaking with the White House to proceed without congressional approval. Simultaneously, the Securities and Exchange Commission is outlining a path for asset custody. These agency-led efforts aim to establish regulatory oversight in the absence of legislative action, which some analysts argue is necessary for the industry to reach mainstream adoption.

   Why it matters

   The Clarity Act was intended to provide a legislative framework for digital assets. Its failure to move forward in the Senate has shifted the burden of rule-making to executive agencies. This transition creates a fragmented regulatory approach between the SEC and CFTC.

   What is confirmed

   • The Clarity Act has stalled in the Senate.
   • The CFTC filed crypto asset rulemaking with the White House to move forward without Congress.

   Still unconfirmed

   • Crypto cannot go mainstream without the Clarity Act.
   • The SEC is illuminating a path for crypto custody.

   What to watch next

   • White House response to the CFTC rulemaking filing
   • SEC finalization of custody guidelines
   • Potential revival of the Clarity Act in the Senate
   Sources used for this update (7)

   1. The Block — CFTC files crypto asset rulemaking with White House, pressing ahead without Congress
   2. CNBC — U.S. regulators rush to write crypto rulebook after Clarity Act stalls in Senate
   3. CoinDesk — Next for the U.S. SEC: Agency's chief crypto counsel illuminates path for custody
   4. InsuranceNewsNet — All Jackson County voters will have a say in these two county Legislature elections
   5. Bloomberg.com — Crypto Can't Go Mainstream Without the Clarity Act
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   confidence 90%