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      U.S. Regulators Move Forward with Crypto Rules After Senate Rejects CLARITY Act

      The chairmen of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced their intention to proceed with the development of cryptocurrency regulations following the Senate's recent rejection of the CLARITY Act. The Senate voted 49-50 against advancing the bill, falling short of the 60 votes needed for cloture. CFTC Chairman Rostin Behnam expressed disappointment over the outcome, stating that the agency would utilize its existing statutory authorities to establish a regulatory framework for crypto assets.

      SEC Chairman Gary Gensler emphasized the agency's commitment to act decisively within its authority, regardless of legislative developments. He highlighted ongoing efforts to create a regulatory environment that provides certainty for investors and supports innovation in the technology sector. The SEC has proposed a new rule aimed at creating exemptions for certain crypto asset offerings, with a comment period open until October 20.

      The CFTC has also been active in the crypto space, issuing advisories and no-action letters throughout 2026. However, it has yet to submit a formal crypto market structure rule to the Federal Register. Both chairmen have indicated that they will continue to push for regulatory clarity in the absence of the CLARITY Act, which they believe is essential for the growth of the cryptocurrency market in the United States.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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