The Senate stalled the CLARITY Act.
The SEC and the CFTC teamed up “to figure it out on our own.”
The bill that would have created the first real federal framework for the crypto market—dividing authority between the SEC and the CFTC, with rules for issuers, exchanges, and intermediaries—got stuck.
A lot of people have already talked about the “end of clarity.” Wrong.
The very next day, the two guys who really write the rules went in without holding back.
Paul Atkins, SEC Chair:
“I was unequivocal: with or without legislation, we will act decisively within the SEC’s statutory authority to provide certainty to American investors and entrepreneurs who are shaping our technological future. Stay tuned.”
He also thanked the people who worked on the project and said that the conviction that America needs to keep leading is essential.
Michael Selig, CFTC Chair:
“The voting outcome was regrettable. President Trump promised to deliver a future-proof regulatory framework for crypto assets one way or another, and we will help him meet that commitment by using our existing statutory authorities. The CFTC is locked in and ready to send its rules to the new frontier of finance.”
He added: Americans deserve clarity, legal certainty, and protection
Today, 17/09, the SEC has already delivered the first concrete proof
It launched the Innovation Exemption: a temporary 5-year exemption for onchain trading of tokenized stocks on permissioned venues with AMMs and liquidity pools without having to register as a traditional exchange. The token needs to have the same rights as the stock (voting, dividends). The issuer can object. Synthetic does not qualify
This is a real bridge between TradFi and crypto. 24/7 market. Onchain settlement. Project Crypto moving from talk to action
Bernstein already expects “aggressive and fast” rulemaking: classification of tokens, tokenization, DeFi, and self-custody
Congress stalled. Regulators didn’t.
Who was waiting for a law to get clarity will have it.
The Crypto market WON!
The SEC and the CFTC teamed up “to figure it out on our own.”
The bill that would have created the first real federal framework for the crypto market—dividing authority between the SEC and the CFTC, with rules for issuers, exchanges, and intermediaries—got stuck.
A lot of people have already talked about the “end of clarity.” Wrong.
The very next day, the two guys who really write the rules went in without holding back.
Paul Atkins, SEC Chair:
“I was unequivocal: with or without legislation, we will act decisively within the SEC’s statutory authority to provide certainty to American investors and entrepreneurs who are shaping our technological future. Stay tuned.”
He also thanked the people who worked on the project and said that the conviction that America needs to keep leading is essential.
Michael Selig, CFTC Chair:
“The voting outcome was regrettable. President Trump promised to deliver a future-proof regulatory framework for crypto assets one way or another, and we will help him meet that commitment by using our existing statutory authorities. The CFTC is locked in and ready to send its rules to the new frontier of finance.”
He added: Americans deserve clarity, legal certainty, and protection
Today, 17/09, the SEC has already delivered the first concrete proof
It launched the Innovation Exemption: a temporary 5-year exemption for onchain trading of tokenized stocks on permissioned venues with AMMs and liquidity pools without having to register as a traditional exchange. The token needs to have the same rights as the stock (voting, dividends). The issuer can object. Synthetic does not qualify
This is a real bridge between TradFi and crypto. 24/7 market. Onchain settlement. Project Crypto moving from talk to action
Bernstein already expects “aggressive and fast” rulemaking: classification of tokens, tokenization, DeFi, and self-custody
Congress stalled. Regulators didn’t.
Who was waiting for a law to get clarity will have it.
The Crypto market WON!
