CLARITY Act died: So, let’s make BSV red, white & blue!

Homepage > News > Editorial > CLARITY Act died: So, let’s make BSV red, white & blue! The views expressed in this article are those of the author and do not necessarily reflect the position of CoinGeek. TL;DR: The Senate rejected the CLARITY Act, but the SEC and CFTC moved quickly to provide clearer paths for digital asset innovation, including tokenized stocks, self-custodial wallets, passive software, and public permissionless ledgers. Key Takeaways: The U.S. Senate rejected a motion to advance the CLARITY Act by a 49–50 vote. The SEC announced an innovation exemption allowing certain tokenized stocks to trade on-chain. The SEC said smart contracts used by tokenized securities venues must be auditable, public, and deployed on a public, permissionless ledger. The CFTC issued no-action relief for providers of passive software, including self-custodial crypto wallet software. SEC and CFTC actions provided regulatory relief for certain digital asset software and tokenization activities despite the CLARITY Act’s failure. Brief History: The CLARITY Act (H.R. 3633) is a U.S. bill introduced in 2025 to establish a clearer regulatory framework for digital assets and define th...