CLARITY Act talks revived as SEC, CFTC provide temporary guidance

Chris Perkins of Franklin Crypto argued on the podcast “Bits + Bips” that recent actions by the SEC and CFTC have provided the clarity institutions were seeking, potentially reducing the need for the CLARITY Act. However, his co-hosts noted that the guidance from these agencies is temporary, and discussions on the CLARITY Act have been revived by seven Democratic senators. The CLARITY Act, which aims to divide oversight between the SEC and CFTC, failed to advance in the Senate on September 15, but the renewed talks suggest continued legislative interest. The market for the CLARITY Act being signed into law in 2026 has shown a significant decrease in the likelihood of passing, with odds recently dropping to 6% from 18% a week ago. This suggests that participants view the temporary measures by the SEC and CFTC as reducing the urgency for legislative action. The ongoing bipartisan discussions could lead to further developments, but for now, the temporary clarity appears to have a notable impact on market expectations. The debate surrounding the CLARITY Act highlights the complex regulatory environment for digital assets in the U.S., where temporary agency actions provide interim solut...