The CLARITY Act Failed: Why Regulatory Durability Is an Architecture Decision
Key Takeaways The Senate’s 49–50 cloture vote on the CLARITY Act paused comprehensive US digital asset market structure legislation, shifting near-term crypto rulemaking entirely to regulatory agencies—a faster path, but one subject to administrative reversal. Within 96 hours of the vote, the SEC introduced an Innovation Exemption creating a five-year runway for tokenized public securities […]
