Bitwise CIO: Clarity Act failure gave crypto 'better rules, faster'
- —The Clarity Act failed a procedural Senate vote on September 15, falling short of 60 votes
- —Bitcoin has gained about 8% and Ether 7% since the vote
- —The SEC approved a five-year conditional innovation exemption for trading tokenized US-listed stocks
- —SEC staff clarified on September 25 that buyback programs for non-security crypto assets are permissible
Why it matters: Agency rules arrive faster but are less durable than legislation, as future regulators can reverse them.
Source: Crypto Briefing