🏛️ 3. CLARITY Act's failure pushes regulators to act on their own
After the CLARITY Act stalled in Congress, the SEC and CFTC began taking more action through their own rulemaking.
The problem is that the United States still lacks a single, comprehensive legislative framework covering all spot trading in digital assets, leaving part of the market in an incomplete regulatory zone. �
This is one of today's most important political stories, because the next battle may shift from the question “Will the bill pass?” to “Who has the authority to regulate the market?”