THE BLOCK: SEC and CFTC to press ahead with crypto rulemaking after Senate stalls Clarity Act
AI Market Summary
SEC Chair Paul Atkins and CFTC Chair Mike Selig indicated both agencies will proceed with crypto rulemaking under existing authority after the Senate failed to advance the Clarity Act. The signal reduces near-term reliance on congressional action but increases regulatory execution risk, including faster timelines for compliance and enforcement clarity. Near-term market focus is likely to shift to agency proposals, comment periods, and scope of jurisdictional boundaries.
Impact level
● Medium
Affected assets
BTC/USDT-0.28%
AI Insight · BTC/USDTAI Insight
● Neutral
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THE BLOCK: The SEC and the CFTC signaled they plan to move forward with cryptocurrency rulemaking under their existing authority after the Senate failed to advance the Clarity Act. SEC Chair Paul Atkins said Wednesday that the agency will "act decisively" within its statutory mandate to provide regulatory certainty for U.S. investors, with or without new legislation. CFTC Chair Mike Selig said his agency is "locked in and ready" to roll out rules for what he called the next frontier of finance.
