US Crypto Regulators Race to Fill the Vacuum: CLARITY Act Stalls in Senate as SEC and CFTC Quickly Step In

Zhito Finance APP has learned that after the comprehensive crypto regulatory proposal, the Clarity Act, stalled in the Senate, U.S. federal and state regulators are scrambling to fill the digital asset regulatory vacuum. Just two days after the Clarity Act failed to advance in the Senate, the U.S. Securities and Exchange Commission (SEC) expanded its crypto regulatory rulebook under its existing authority. The agency issued an order creating a temporary pathway for certain tokenized stock trading, bringing financial markets one step closer to round-the-clock trading. On the same day, the U.S. Commodity Futures Trading Commission (CFTC) submitted a crypto rulemaking proposal to the White House for review. The details of the proposal were not made public, but a notice from the White House Office of Management and Budget (OMB) confirmed that the relevant rules remain under review.