SEC ready to draft crypto rules if Congress stalls on Clarity Act

https://en.wikipedia.org/wiki/United_States_Securities_and_Exchange_Commission The U.S. Securities and Exchange Commission (SEC) has announced its readiness to establish regulatory rules for cryptocurrencies should Congress fail to pass the Clarity Act. The Clarity Act, formally known as the Digital Asset Market Clarity Act of 2025, aims to delineate regulatory responsibilities between the SEC and the Commodity Futures Trading Commission (CFTC). While the House passed the bill in July 2025, and the Senate Banking Committee advanced it in May 2026, it has yet to be signed into law. The SEC’s statement suggests a potential increase in regulatory uncertainty, which may affect the likelihood of the Clarity Act’s passage this year. The announcement has had a notable impact on the prediction markets for the Clarity Act being signed into law in 2026. Current market odds have decreased to 30.5% from 38% just a day ago, reflecting growing skepticism about the bill’s prospects. The market appears to interpret the SEC’s proactive stance as an indicator that Congress might not act on the legislation in time, leading to a decrease in confidence that the Clarity Act will become law by year’s end...