CLARITY Act · Coinbase · SEC · Bitcoin.com News
4 Crypto Sectors Gained From CLARITY Act Failure, Bitwise Confirms
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Crypto’s rally after a major legislative setback has an unexpected explanation, according to a new Bitwise analysis.
Key facts
- Enacted July 18, 2025, its text targets issuer-paid yield tied solely to holding, using, or retaining them
- The Securities and Exchange Commission (SEC) issued its five-year tokenized stock trading exemption Sept. 17
- The analysis described the bill’s proposed restrictions as a threat to those incentives, with penalties reaching $5 million per violation
- Hougan singled out Securitize (NYSE: SECZ), which tokenizes funds for institutions including Blackrock, Apollo, and KKR, as a beneficiary
Summary
Four areas of crypto gained business advantages after the Senate failed to advance the CLARITY Act in a Sept. 15 procedural vote. “Crypto sacrificed long-term certainty and got better rules, faster.” The first beneficiary was the stablecoin sector, where platforms retained the ability to offer customers rewards on balances. The GENIUS Act provides a separate interest prohibition for issuers, which create and redeem payment stablecoins.