The Securities and Exchange Commission is preparing to unveil two major crypto initiatives as the U.S. Congress struggles to advance the Clarity Act. The agency could release details of its long-awaited innovation exemption for tokenized securities as well as a new framework for certain crypto-asset investment contracts this week. The Senate postponed consideration of the Clarity Act until September, with a crucial vote scheduled for September 15 requiring 60 senators to pass. The legislative schedule leaves the bill’s path increasingly narrow, with lawmakers set to return September 14 for only 14 days before another recess. These regulatory efforts could face legal challenges or be reversed by future agency leadership.
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