CLARITY Act Stalls as SEC Moves Forward With Crypto Rules

Crypto policy in the United States faces a new hurdle. The Senate scheduled a procedural vote on the CLARITY Act for September 15. The bill missed its original target window in August, leading analysts at Bitwise to describe the legislation as being in a zombie state.

While Congress struggles to push the bill forward, the Securities and Exchange Commission is moving ahead with its own digital asset rulemaking agenda. This dual track creates uncertainty for traders and projects trying to understand future compliance requirements in the American market.

Market participants should watch the Senate vote on September 15 very closely. The outcome will show whether the legislation still has a pulse or if federal regulators will take the lead on shaping crypto rules for the near future.