Grayscale: Clarity Act Failure Doesn't Hinder Crypto Regulation Progress

On Thursday (local time), the Clarity Act closure vote in the U.S. Senate, which would have determined whether the bill proceeds to full consideration, was rejected, preventing its passage. However, cryptocurrency asset manager Grayscale diagnosed that crypto regulation is advancing, stating: 'The U.S. Securities and Exchange Commission (SEC) will announce a conditional allowance for on-chain trading of stock tokens on July 17th, indicating that the cryptocurrency regulatory framework is being built in real time. We need clear regulations, so we will obtain regulatory clarity even if it's not through legislation,' Grayscale emphasized.