The Clarity Act is dying, and the SEC just built its replacement - Crypto News

The legislative push to bring regulatory clarity to digital assets appears to be running out of steam. While the Clarity Act was designed to settle longstanding questions over which agencies oversee crypto markets, its momentum has stalled. In its place, the SEC has effectively built its own replacement — a regulatory framework that asserts the Commission's authority over much of the digital asset space.

For market participants, this development signals a significant shift. Instead of waiting for Congress, the SEC is moving ahead with its own rules and interpretations. That means exchange registration, token classification, and custody requirements are likely to be shaped by SEC enforcement and guidance. This