Blockchain Legal Resource

On September 15, 2026, a cloture vote in the US Senate failed on a definitive market-structure bill for the crypto industry known as the CLARITY Act. The failed cloture vote means the Senate failed to obtain the 60 votes needed to end a filibuster. While the Senate may revisit a version of the bill in the future, in the near term the CLARITY Act is effectively dead.

On August 18, 2026, the US Securities and Exchange Commission (SEC) proposed a comprehensive new offering and disclosure regime for crypto asset securities entitled “Regulation Crypto Assets.” The proposed rules are specifically designed for the offer and sale of what the SEC terms “covered investment contracts,” which are investment contracts whose subject is a crypto asset that is not itself a security and that has no other asset as its subject.

In prepared remarks delivered May 8, 2026, US Securities and Exchange Commission Chairman Paul Atkins highlighted future rulemaking priorities for onchain trading systems. The Chairman continued to reference “future proofing” regulations, which is his shorthand for engaging in rulemaking that cannot easily be undone by a subsequent administration.