🟦 BREAKING NEWS – NEWS UPDATE – SPECIAL COVERAGE 🟦
🕒 New York City, 1:28 AM —
A newly released draft of the CLARITY Act is stirring intense debate in Washington as lawmakers attempt to establish long‑awaited boundaries between the SEC and CFTC in overseeing the fast‑growing U.S. crypto market 🔍⚖️.
The bill outlines two regulatory paths—assigning the SEC to early‑stage token projects resembling investment contracts while granting the CFTC authority over tokens that function as commodities once networks mature, a structural shift intended to end years of conflicting enforcement actions and regulatory confusion. [finance.yahoo.com]
However, the proposal has ignited strong pushback in Congress and from major industry players, with Coinbase withdrawing support over concerns that the draft favors traditional banking interests and imposes restrictive limits on stablecoins, tokenized equities, and DeFi activities that could stifle innovation rather than protect it 🏛️💥.
$WIF Meanwhile, Senate lawmakers remain divided ahead of a key markup session, where amendments could reshape core definitions, disclosure obligations, and the balance of authority between regulatory agencies—setting the stage for one of the most consequential crypto policy battles of 2026. [ccn.com]
$DASH As the debate escalates, analysts emphasize that the CLARITY Act’s future will determine the legal footing for digital assets in the U.S., influencing market confidence, institutional participation, and the trajectory of new blockchain‑based financial products 📊🔗.
$GIGGLE Whether the bill advances or fractures further remains a defining question as Congress confronts both political tension and technological change.
#CryptoRegulation #CLARITYAct #USCongress #SECvsCFTC ⚖️📉🔥📌