Regulation· ★★★· neutral·

Former SEC and CFTC chiefs discuss CLARITY Act future after Senate defeat

  • —CLARITY Act failed a cloture vote on September 15: 49-50, short of the 60 required
  • —In 2025 the bill passed the House of Representatives 294-134
  • —Giancarlo: SEC and CFTC can regulate crypto without Congress
  • —The panel included former CFTC chairs Giancarlo and Massad, and former SEC commissioners Paredes and Crenshaw
Why it matters: The bill's failure increases the role of the SEC and CFTC in regulation, but administrative rules are less durable than an act of Congress.
Source: Crypto Briefing
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