Bernstein: Slim Hopes for Clarity Act Passage, SEC and CFTC May Accelerate Crypto Regulatory Rulemaking

TechFlow News, August 03, according to The Block, Bernstein analysts stated that the probability of the US "Clarity Act" passing within 2026 is decreasing, with the Senate only having a window this week (before the recess on August 07). Analysts pointed out that if the bill fails, the digital asset market may experience a negative reaction in the short term, but the SEC and CFTC will accelerate rule-making under the "Project Crypto" framework, covering token classification, DeFi, and self-custody regulatory details, and continue to promote innovative areas such as tokenized real-world assets (RWA), perpetual contracts, and prediction markets. CFTC Chairman Michael Selig previously also warned that if Congress does not act, regulators will be forced to "take over all rule-making". Currently, bipartisan senators Thom Tillis and Ruben Gallego have submitted a revised ethical compromise proposal, and negotiations are still ongoing.