Clarity Act back stop? (I like the effort)

The SEC and CFTC are moving ahead with a crypto regulatory backup plan as the CLARITY Act remains stalled.

Through Project Crypto, the agencies are working together to define crypto asset classifications and develop clearer rules for:

🔹 Staking
🔹 Stablecoins
🔹 Custody
🔹 Token fundraising
🔹 Onchain trading

The SEC and CFTC have already issued a joint interpretation on crypto asset classifications, with additional rulemaking on the SEC’s 2026 agenda.

It doesn’t replace the CLARITY Act, but it could provide the crypto industry with significantly more regulatory certainty while Congress negotiates a final market structure bill.