Digital Asset Market Clarity Act stalls as SEC and CFTC advance new regulatory frameworks

The Digital Asset Market Clarity Act in the U.S. has effectively stalled, dealing a blow to the crypto industry. The bill aimed to clarify regulatory oversight between the SEC and CFTC, particularly regarding spot markets and DeFi protections. In its absence, SEC Chair Paul Atkins is working to establish regulatory pathways for tokenized securities and has proposed the "Regulation Crypto Assets" framework to streamline financing and clarify custody rules. Meanwhile, CFTC Chair Mike Selig is pushing for new legislative initiatives, including a proposal submitted to the White House to create a dedicated "crypto asset market" category for more structured oversight.