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US CLARITY Act Stalls, Leaving SEC and CFTC to Lead Crypto Regulation as Legal Uncertainty Persists

US CLARITY Act Stalls, Leaving SEC and CFTC to Lead Crypto Regulation as Legal Uncertainty Persists

  • The failure of the CLARITY Act has left the SEC and CFTC leading efforts to reshape crypto regulation, while the industry remains divided between hopes for progress and concerns over legal uncertainty.
  • Industry participants said regulator-led oversight could, in the short term, support market activity and expand M&A across crypto, traditional finance and fintech.
  • Legal experts, however, said administrative action alone has limits in establishing a federal oversight framework and securing long-term regulatory stability.

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Photo: ChatGPT-generated image
Photo: ChatGPT-generated image

The failure of the CLARITY Act, a US digital-asset market structure bill, has left federal regulators in the lead on…

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