Crypto Exchanges

Story: SEC and CFTC Press Forward on Crypto Without Waiting for September Clarity Act Vote

By Sydney TheCMO

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Total Reversal from the Biden Era. The contrast with the previous administration is stark.

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Clarity Act Stalled by Political Tensions. The Clarity Act remains stuck. The text was passed by the House of Representatives last year — an…

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The SEC is set to move this week. The agency plans a public meeting on Friday to create a tailored offering framework targeting specific investment contracts related to crypto…

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The timing is no coincidence. Pro-crypto lawmakers had hoped to pass the Clarity Act before Congress's summer recess. That didn't happen. But instead of waiting, the two major U.S.

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The contrast with the previous administration is stark. Under Joe Biden, the SEC launched aggressive lawsuits against major industry players — notably Coinbase and Kraken.

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Since Donald Trump took office, the tone has radically changed. Several lawsuits have been dropped.

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It's not just rhetoric. The dropping of lawsuits is concrete.

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The Clarity Act remains stuck. The text was passed by the House of Representatives last year — an initial encouraging signal for the industry.

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Related reading: The SEC Vote on Crypto Regulation Threatens to Disrupt Startup Fundraising

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On the Republican side, Senator Cynthia Lummis has openly accused some Democrats of deliberately stalling the progress of the text.

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More context: CLARITY Act Has a 75% Chance of Dying Before September Vote

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It's unclear if this issue will be resolved before September. No details on ongoing negotiations.

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Meanwhile, the regulators are not waiting. The CFTC and the SEC are moving forward. Michael Selig explicitly stated: the goal is to have finalized rules before the end of the…

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The crypto sector finds itself in a somewhat paradoxical situation. On one hand, the regulatory environment is clearly more favorable than it was two years ago.

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This is a huge difference for institutional investors who need visibility over several years, not just until the next election.

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