Altcoins News
By Bruce Buterin
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SEC and CFTC Fill the Vacuum. With the bill stalled, crypto firms are pivoting fast toward the regulators they've got.
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What Happens to the Bill Now. Tillis's reconsideration motion could trigger another cloture vote.
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Industry Split on What Comes Next. There's no unified front from the industry on how to feel about all this.
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The CLARITY Act is down. Not dead — but close.
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Senator Thom Tillis moved to reconsider the bill after it failed a cloture vote 49-50 on Tuesday, well short of the 60 votes needed to advance a formal regulatory framework for…
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With the bill stalled, crypto firms are pivoting fast toward the regulators they've got. The SEC and the CFTC are now the main show, and the industry is leaning on both agencies…
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Fireblocks US policy director Jessica Martinez said the company plans to keep engaging with regulators no matter what happens legislatively.
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The concern isn't that regulators won't act. It's that their actions can be reversed, challenged in court, or applied inconsistently from one firm to the next.
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Alvin Kan, Bitget Wallet's chief operating officer, pointed to the ongoing confusion around how existing rules apply to different crypto products.
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Tillis's reconsideration motion could trigger another cloture vote. But the opinions on timing are all over the place.
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See also: Bitcoin Plummets After Senate Blocks Clarity Act in Narrow Vote
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Vaidyanathan isn't as optimistic. He thinks the next Congress is probably the more realistic window for getting something done on crypto market structure.
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And the Polymarket number backs it up. Dropping to 5% isn't a market saying "this is hard." It's a market saying "this probably isn't happening this year.
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There's no unified front from the industry on how to feel about all this. Some executives see Tillis's reconsideration move as a real opening — a chance to regroup, pick up a few…
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What they mostly agree on: operating under the current patchwork of agency rules and enforcement actions isn't sustainable. It's not that the SEC and CFTC are doing nothing.
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