Clarity Act stalls as SEC, FASB, and OCC write crypto rules - Crypto News

The Clarity Act, a proposed bill aimed at creating a comprehensive regulatory framework for digital assets in the United States, has lost momentum. With the legislation stalled, federal agencies are moving forward with their own rulemaking and interpretive guidance. This leaves the crypto market navigating a piecemeal approach rather than a single, unified legal standard.

Each agency is addressing a distinct layer of the industry. The SEC continues to use enforcement actions and public statements to clarify which digital assets it views as securities. FASB is developing accounting standards for crypto holdings, a move that would directly affect how corporations report digital assets on their balance sheets. Meanwhile, the OCC has been issuing guidance on how banks may engage with stablecoins and other crypto-related activities.

For market participants, this fragmented process means regulatory clarity will arrive gradually, if at all, through separate channels. Token classification, financial reporting, and banking access are being shaped by different rulemakers, each on their own timeline. Investors and firms should watch for the release of specific proposals and comment periods, as these will define compliance requirements and influence institutional participation in the space.