The CLARITY Act.

Regulators have now made at least 9 moves to build crypto rules without Congress.

1. SEC Crypto Task Force
- define what is and what is not a security

2. Crypto Bill
- modernize SEC rules for onchain markets

3. SEC-CFTC Crypto Guidance
- classify crypto assets into clearer categories

4. SEC-CFTC Harmonization MOU
- reduce overlap between the two agencies

5. Joint Harmonization Initiative
- create shared rules for crypto firms

6. CFTC Innovation Task Force
- speed up rules for crypto and blockchain markets.

7. CFTC Crypto FAQs
- clarify how registered firms can use blockchain

8. SEC Innovation Exemption
- allow tokenized U.S. equities to be traded onchain

9. Proposed CFTC Crypto Market Rule
- create a formal framework for crypto asset markets

Crypto can now move forward without the CLARITY Act.