Crypto Industry Turns to Building Its Own Compliance After Clarity Act Stalls
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AI-assisted source synthesis · not an independent investigation.
On October 4, 2026, the U.S. Senate held a procedural vote on the Clarity Act, with 49 votes in favor and 50 against, and the bill failed to advance. At the time, reports said bankers and investors expected the setback would not bring U.S. crypto-sector mergers and acquisitions to a complete halt. Subsequently, the SEC introduced a temporary “Innovation Exemption” and proposed rules for the custody of customer crypto assets, while the CFTC also began reducing some regulatory obstacles. A report on October 15 said that, after Congress failed to advance the bill, U.S. financial institutions began building their own crypto-asset compliance and infrastructure without a unified federal framework. The SEC’s exemption allows some trading venues to trade tokenized U.S.-listed stocks on-chain, but institutions still face differences among state-level rules, isolation of private networks, and the risk of long-term capital investment.
AI-written from reports · updated 5 days ago
Developments
- Oct 15 23:00 · 1 reportsThe United States lacks a federal framework for crypto assets, prompting Wall Street to turn to building its own compliance and infrastructure.CoinDesk：With the U.S. lacking a federal framework for crypto assets, Wall Street turns to building compliance and infrastructure itself
- Oct 4 21:00 · 1 reportsClarity Act Stalled, but Crypto M&A Hasn't CooledCoinDesk：Clarity Act blocked, U.S. crypto M&A still has not hit the brakes
Timeline
Follow the reporting to see the different sides of the story.
- CoinDeskWith the U.S. lacking a federal framework for crypto assets, Wall Street turns to building compliance and infrastructure itself
After the U.S. Congress failed to advance the CLARITY Act, financial institutions began building crypto asset compliance and infrastructure on their own in the absence of a unified federal framework. The SEC subsequently introduced an “innovation exemption” allowing some trading venues to conduct on-chain trading of tokenized U.S.-listed stocks, but institutions still face differences in state-level rules, isolated private networks, and the risk of long-term capital investment. The article recommends that advisers focus on verifying the assets clients actually hold, their asset custodians, independent verification mechanisms, fees, withdrawal restrictions, and the path to recovering assets if a platform fails.
- CoinDeskClarity Act blocked, U.S. crypto M&A still has not hit the brakes
A procedural vote in the U.S. Senate on Clarity Act failed to advance with 49 votes in favor and 50 against, but bankers and investors expect M&A in the crypto sector will not come to a complete halt as a result. The SEC subsequently introduced a temporary “Innovation Exemption” and proposed rules for the custody of customers’ crypto assets, while the CFTC is also reducing some regulatory barriers.
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