• CLARITY Act hits a Senate cloture vote Sept 15. Odds of passing this year are low.
But crypto regulation isn't waiting on it.
GENIUS Act already covers stablecoins. SEC's Reg Crypto is opening pathways for token fundraising. Transfer-agent rules could let blockchains become the official record for share ownership. CFTC has cleared regulated perp futures through Kalshi and Coinbase, with more platforms likely to follow.
CLARITY still matters. It's the only path to a lasting SEC/CFTC split of authority. But even if it stalls, the framework is filling in piece by piece.
But crypto regulation isn't waiting on it.
GENIUS Act already covers stablecoins. SEC's Reg Crypto is opening pathways for token fundraising. Transfer-agent rules could let blockchains become the official record for share ownership. CFTC has cleared regulated perp futures through Kalshi and Coinbase, with more platforms likely to follow.
CLARITY still matters. It's the only path to a lasting SEC/CFTC split of authority. But even if it stalls, the framework is filling in piece by piece.
