Grayscale Research Head: CLARITY Act Is Not the Sole Path to Regulatory Clarity

Zach Pandl, head of research at Grayscale (灰度), noted that the CLARITY Act faces a procedural vote in the Senate on September 15, requiring 60 votes. While the bill is significant for defining SEC and CFTC jurisdictions, Pandl argued that regulatory clarity for stablecoins, tokenized securities, and perpetual futures is already emerging through other channels. He added that a failure to pass the bill in 2026 would not halt overall regulatory progress.