#CLARITY Act blocked

The Senate did not pass the Clarity Act. Within days, the SEC, CFTC, and the Federal Reserve shifted to writing their own crypto rules. The legislative route has made way for regulatory rulemaking, and the pace may actually be faster—but the rule content and timeline have not been published yet.

For assets already listed, this means compliance expectations shift from “waiting for Congress” to “watching all three agencies.” Short-term uncertainty has not disappeared; it has simply changed the source of publication. One thing that could be falsified: if the rule text does not appear for a long time, this “agencies take the baton” narrative will cool down.

$TRUMP $FOGO $KMNO