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CFTC and SEC advance crypto rules after CLARITY Act fails in Senate
The U.S. Senate failed to advance the Digital Asset Market Clarity Act (CLARITY Act) following a 49-50 procedural vote on September 15, 2026. The White House attributed the bill's failure to opposition from large banks concerned that stablecoins could drain traditional bank deposits.
In response to the legislative gridlock, federal regulators are moving forward using existing authorities. The Commodity Futures Trading Commission (CFTC), led by Chairman Michael Selig, has updated its guidance to allow registered derivatives firms to invest customer funds in tokenized versions of permitted assets, provided they offer legal and economic rights equivalent to traditional assets. Additionally, the CFTC indicated it would not object to firms using blockchain technology to satisfy certain recordkeeping obligations, though firms using public networks must ensure records remain accessible during network disruptions.
Simultaneously, the Securities and Exchange Commission (SEC) has taken steps to facilitate on-chain activity. The agency issued an 'Innovation Exemption' allowing certain tokenized U.S. stocks to trade on public blockchains in a permissioned environment. This move aims to integrate blockchain infrastructure into traditional financial markets while broader legislative frameworks remain stalled in Congress.
Entities
Commodity Futures Trading Commission · Donald Trump · Michael Selig · Securities and Exchange Commission · U.S. Senate · White House
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] The SEC issued an 'Innovation Exemption' on September 17 to allow certain tokenized U.S. stocks to trade on-chain. crypto.news · www.ibtimes.com · www.tokenpost.com · www.expansion.com · en.bitcoinsistemi.com
- [● 4 SOURCES] The CFTC intends to use its existing authority to develop crypto market rules, including for exchanges and leveraged trading. crypto.news · coinpedia.org · cryptonewsland.com · en.bitcoinsistemi.com
- [● 6 SOURCES] The Senate vote on September 15 was a procedural motion regarding cloture rather than a final vote on the legislation. kriptotarca.hu · crypto.news · www.it-boltwise.de · www.tokenpost.com · www.nadanews.com
- [○ 1 SOURCE] The White House attributed the bill's failure to opposition from large banks fearing stablecoins would drain deposits. mycryptoparadise.com
- [● 10 SOURCES] The US Senate failed to advance the CLARITY Act following a 49-50 procedural vote on September 15. kriptotarca.hu · crypto.news · www.ibtimes.com · www.it-boltwise.de · mycryptoparadise.com · +4 more
- [● 6 SOURCES] The CFTC allows the use of blockchain technology for meeting certain recordkeeping obligations. www.nadanews.com · criptoinforme.com · www.spacemoney.com.br · www.cointrust.com · cryptonomist.ch · +1 more
- [● 6 SOURCES] The CFTC updated its guidance to allow registered derivatives firms to hold customer funds in tokenized forms of permitted assets. www.nadanews.com · criptoinforme.com · www.spacemoney.com.br · www.cointrust.com · cryptonomist.ch · +1 more