Grayscale Says Crypto Regulation Will Advance Regardless of CLARITY Act Vote

Grayscale says U.S. crypto regulation can continue moving forward regardless of the CLARITY Act’s outcome, as senators prepare for a Sept. 15 procedural vote to determine whether the bill can advance to formal debate.

Grayscale Sees Crypto Rules Moving Beyond CLARITY

Grayscale Research said the CLARITY Act continues to be significant in the expansion of the federal rules for digital assets. However, the firm says progression is no longer solely reliant on the bill’s passage.

The company pointed to work covering stablecoins, token issuance, tokenized securities and crypto derivatives. The passage of the bill “was not determinative” of further regulatory progress in those areas, Grayscale said.

Federal stablecoin rules already provide one example of that broader shift. The GENIUS Act established a federal regulatory system for payment stablecoins and rules for issuers.

Meanwhile, regulators are working on other parts of the crypto market. The SEC has proposed rules for token sales and securities activities conducted in the blockchain, while the CFTC has broadened access to regulated crypto derivatives.

Grayscale also noted developments involving platforms such as Kalshi and Coinbase. The firm said these changes could even happen if Congress fails to finish the CLARITY Act this year.