US advances crypto policy despite CLARITY Act stall

The United States government continues to advance crypto and tokenization developments despite the stalled CLARITY Act, according to a recent statement. The CLARITY Act, which aimed to establish a clear framework for digital asset regulation by dividing oversight between the SEC and Commodity Futures Trading Commission, failed to pass in the Senate last month. Despite this legislative setback, U.S. regulators have proceeded with initiatives under their existing authority, including the SEC’s recent “Innovation Exemption” for tokenized stocks and approval of a tokenized securities proposal. Market observers suggest that these regulatory actions indicate a move towards developing crypto policy through agency rulemaking rather than waiting for Congressional legislation. Key Takeaways Market behavior suggests a decreased likelihood of the CLARITY Act being signed into law in 2026. Ongoing regulatory actions by U.S. agencies appear consistent with a scenario where the CLARITY Act remains stalled. The current market price for the CLARITY Act being signed into law by 2026 reflects a 5% probability, unchanged from the previous day but down from 6% a week ago. What to Watch Observers are fo...