Bernstein: Failure of the Clarity Act Will Accelerate SEC and CFTC Rulemaking

On September 16, Bernstein reported that after the Senate failed to advance the Clarity Act, the U.S. cryptocurrency rulemaking will shift to the SEC and CFTC. Analysts expect both agencies to quickly formulate specific rules to make up for the time lost in legislative negotiations, covering the classification of native cryptocurrencies, DeFi, protection of self-custody infrastructure, and rules for tokenization of equity. This may also expedite the approval of perpetual futures for real-world assets and the coordination of single-stock perpetual contracts. Bernstein noted that the failure of the Clarity Act leaves the stablecoin reward framework unchanged; the compromise text would have prohibited rewards on idle stablecoin balances and linked them to customer activity, allowing platforms like Coinbase to continue offering rewards on idle balances.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.