CLARITY Act Stall Puts US Crypto Oversight Back in SEC, CFTC Hands

Forecast Trend Report by Period

The failure to advance the CLARITY Act in the US Senate has handed responsibility for resolving regulatory uncertainty in the crypto industry back to the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Bloomberg reported on September 15 that the Senate held a procedural vote on the bill but failed to clear the threshold needed to move consideration forward. The legislation aimed to more clearly define whether digital assets should be treated as securities or commodities, and to delineate the supervisory boundaries of the SEC and CFTC.

Crypto-linked stocks fell sharply immediately after the bill stalled. Coinbase plunged 10%, while stablecoin issuer Circle dropped more than 11%. Bitcoin also fell 5.3% intraday, slipping below $75,000.