Crypto Exchanges
By Pankaj K
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What the CLARITY Act Actually Does. The bill is designed to draw a clear line between the SEC and the CFTC when it comes to crypto…
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Senate Gridlock and What Comes After July 30. The ethical provisions in the bill are a genuine problem, not just political noise.
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The clock is running out. The CLARITY Act — one of the most consequential crypto bills the U.S.
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That number is pretty much a flashing red light for an industry that's been waiting on regulatory clarity for years. The bill needs 60 votes to clear a filibuster.
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Mitch McConnell's absence makes it worse.
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The Republican leader is hospitalized, and his absence complicates the already fragile coalition-building that a 60-vote threshold demands.
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The bill is designed to draw a clear line between the SEC and the CFTC when it comes to crypto oversight. Right now, that line is murky at best.
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If the CLARITY Act passes, it would define those jurisdictional boundaries. Exchanges like Coinbase and Kraken could operate with a clearer sense of what's allowed.
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See also: Fidelity Joins 2026 Senate Push to Pass CLARITY Act With Crypto Coalition
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But the downside of failure is also real. Without the bill, the SEC's posture toward crypto exchanges probably doesn't soften.
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The ethical provisions in the bill are a genuine problem, not just political noise. Democrats have tied their opposition to concerns that go beyond the sunset clause — though no…
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September isn't hopeless, but it's harder. The legislative calendar gets crowded fast after recess, and a bill that couldn't clear 60 votes in July doesn't automatically find new…
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For Bitcoin, the stakes are somewhat indirect but still significant. The CFTC's existing view of Bitcoin as a commodity is already fairly established, but legislation would lock…
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Read also: JPMorgan Bets on AI-Managed Crypto ETFs as Wall Street Circles the Sector
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The Ripple precedent is probably on every crypto lawyer's mind right now.
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