Grayscale: US crypto regulation will continue despite CLARITY Act failure
- —The Senate failed to overcome a filibuster: 49 for, 50 against, with four Republicans opposed
- —Grayscale pointed to progress by the SEC and CFTC on digital asset regulation
- —In August, the SEC proposed a framework with 4-year and $5 million relief for issuers
- —A joint SEC and CFTC interpretation in March classified XRP as a digital commodity
Why it matters: The bill's failure shifts crypto regulation to the SEC and CFTC, reducing market certainty until new legislative attempts emerge.
Source: Digital Today