Regulation· ★★★★· neutral·

Post-CLARITY Reality: U.S. Retail Crypto Still Lacks Federal Investor Protections

  • —CLARITY Act stalled in the Senate, leaving no unified federal retail framework
  • —CFTC proposed a 'crypto asset markets' category with anti-manipulation and proof-of-reserves rules
  • —The CFTC proposal does not grant broad statutory authority over the spot crypto market
  • —SEC proposed custody rules for crypto assets held by advisers and funds
Why it matters: Spot crypto still lacks a clear federal regulator, keeping legal uncertainty high and rules vulnerable to legal challenges or shifts in administration.
Source: BitcoinKE