Bitcoin Reclaims $80K as SEC and CFTC Push Ahead After CLARITY Failure

Bitcoin surprised even some of its biggest believers on Friday with a surge past $81,000 despite experiencing a massive regulatory disappointment just days earlier.

Fresh moves from the two largest regulators in the United States suggest the local crypto industry is still advancing on the regulatory front even without Congress.

The CFTC’s move coincided with the broader market’s price resurgence on Friday, leading to the question of whether BTC and the alts jumped because of regulatory developments.

SEC and Tokenized Stocks

CryptoPotato reported on September 17 that the SEC introduced a five-year “Innovation Exception” program designed to make it easier for qualifying platforms to trade tokenized US stocks on-chain. It allows eligible trading venues relief from some exchange requirements and offers liquidity providers temporary exceptions from dealer-registration rules.

Although tokenized stocks must still provide the same core shareholder rights as traditional equities, including dividends and voting rights, synthetic products that simply track the share price will be excluded.

The agency argued that the framework could enable 24/7 trading, faster settlement, greater transparency, and self-custody, while lowering barriers for blockchain-based securities platforms.