The U.S. crypto industry remains buoyant about its longer-term prospects, even as the fate of the CLARITY Act—an effort to codify regulatory clarity for tokens, stablecoins and crypto businesses—hangs in the balance in Congress. In a recent Chain Reaction episode, Chris Perkins, CEO of 250 Digital Asset Management, argued that the sector’s momentum would endure even if lawmakers don’t pass the bill this session.

Perkins pointed to ongoing policy work by the two main financial regulators as evidence the path to usable guidance is already being carved out. He cited the ongoing efforts of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) under their chairs, following the…