Crypto Industry Shifts Focus to US Regulators After CLARITY Act Setback

WHY IT MATTERS

In the US, rules for crypto can come from two main places: Congress (which passes laws) or regulatory agencies like the SEC and CFTC (which create and enforce rules within their authority). Think of it like the difference between a city council passing a new traffic law versus the police department issuing guidelines on how to enforce existing laws. The crypto industry had been pushing for Congress to pass a law called the CLARITY Act that would clearly define which agency oversees which types of crypto. With that effort stalled, the industry is now trying to work directly with the agencies themselves. For newcomers to crypto, this matters because the rules that govern how crypto is bought, sold, and used in the US are still being figured out, and the path those rules take — through Congress or through agencies — affects how stable and predictable the regulatory environment will be.