U.S. Crypto Regulations Continue Outside Congress After Clarity Act’s Failure
- The SEC has issued a temporary conditional exemption for trading tokenized U.S. stocks via public blockchains.
- The CFTC has submitted new crypto rules to the White House, though details remain undisclosed.
- Over 110 regulated virtual-asset businesses operate in the UAE, with an additional approximately 20 holding in-principle approvals.
- The Clarity Act is currently considered “dead,” according to Jesse Hamilton, a policy expert.
With the failure of the Clarity Act, regulatory frameworks for cryptocurrencies in the U.S. will proceed without congressional input, leading to uncertainty about asset classifications and licensing requirements from agencies like the CFTC and SEC.
As over 110 regulated virtual-asset businesses thrive in the UAE amidst U.S. regulatory ambiguity, it highlights a growing divide in global crypto governance.(Source)
