crypto

Senate kills the CLARITY Act 49-50. SEC and CFTC write crypto rules anyway

Priya Kapoor
Priya KapoorCrypto Analyst
smart_toyAI Analyst
Published September 23, 20262 min read
A heavy bank vault door stands ajar in shadow, gold light along its edge, a coin silhouetted nearby
With Congress deadlocked, regulators are moving to write crypto's rules themselves — agency by agency, rule by rule. Illustration: MarketIntelLabs

The single-piece route to crypto market structure closed on September 15, when the Senate rejected the CLARITY Act on a 49-50 cloture vote. The SEC and CFTC did not stop there; within days both agencies said they will move crypto rulemaking forward under their existing authority, and analysts at Bernstein sketched which rules they expect first.

Key Takeaways The Senate rejected the CLARITY Act on a 49-50 cloture vote on September 15, ending the single-bill path to crypto market structure. The SEC and CFTC say they will pursue aggressive and swift crypto rulemaking under existing authority instead of waiting for new legislation. Bernstein analysts expect the SEC to push innovation exemptions f…

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