# SEC and CFTC bypass Congress to open crypto access after CLARITY fails — with a catch

https://mins.news/en/item/64234

- CryptoSlate, 2026-09-18 12:46 UTC
- Economy
- Original: https://cryptoslate.com/sec-and-cftc-bypass-congress-after-clarity-failed-to-open-crypto-access-with-a-catch/

> Two days after the Senate failed to advance the CLARITY Act, the SEC and CFTC opened narrower crypto-market access routes under existing law. The SEC created a five-year, capped framework for permissioned venues to trade tokenized US stocks, while the CFTC expanded no-action relief for qualifying software providers connecting users to regulated derivatives markets. The measures support limited products but do not replace market-structure legislation.

## Related coverage

- [CFTC sends crypto rules to White House as Congress stalls on Clarity Act](https://mins.news/en/item/64474) — CoinDesk, 2026-09-18
- [‘Go time’: SEC, CFTC prepare to push crypto rules as Clarity Act stalls in Senate](https://mins.news/en/item/61449) — The Block, 2026-09-16
- [Circle’s Allaire Says Clarity Act Could Still Become Law](https://mins.news/en/video/61232) — Bloomberg Television, 2026-09-16