Crypto industry turns back to regulators after Clarity Act setback

The bill's failure leaves agencies with a larger role in shaping digital-asset rules.

The collapse of the Clarity Act keeps the crypto market in a familiar position: waiting for regulators to define the path. The SEC and CFTC can still move parts of the framework forward, but agency rules are easier to reverse than legislation. That makes compliance planning harder for exchanges, issuers and investors.

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