US advances crypto policy through regulators as CLARITY Act stalls
- —The CLARITY Act, which would split oversight between the SEC and CFTC, failed to pass the Senate last month
- —The SEC rolled out an "Innovation Exemption" for tokenized stocks and approved a tokenized securities proposal
- —Prediction markets price a 5% chance of the CLARITY Act becoming law in 2026, down from 6% a week ago
- —Regulators are shaping crypto policy through agency rulemaking rather than waiting on Congress
Why it matters: A US shift toward agency-led crypto rulemaking reduces uncertainty for tokenization but leaves the industry without a durable legislative framework.
Source: Crypto Briefing