# With the Clarity Act stalled, US crypto rules depend on agency action that lawyers say leaves spot markets unsettled

Executives see room for tokenization, decentralized-finance products and acquisitions without the bill, but lawyers warn that rules made by regulators can be reversed by the next administration.

- Published: 2026-10-12T05:41:53.098Z
- Canonical: https://polylog.news/crypto/2026-10-12/with-the-clarity-act-stalled-us-crypto-rules-depend-on-agenc
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/policy/2026/10/11/clarity-s-failure-could-speed-crypto-innovation-while-shielding-incumbents), [CoinDesk (tag)](https://www.coindesk.com/latest-crypto-news)

The Clarity Act, the crypto market-structure bill meant to divide oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), has stalled in the Senate. CoinDesk reports that the indus…

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