Michael Selig said the CFTC is "locked in and ready to ship its rules for the new frontier of finance." Paul Atkins said the SEC will "act decisively within the SEC's statutory authority." Both posted the statements to X on Wednesday, within two hours of each other, the day after the Senate blocked the market structure bill. The SEC has a crypto offering rule out for comment until Oct. 20. The CFTC has not proposed one.

Trade groups and executives responded to the Senate blocking the CLARITY Act by pointing at agency rulemaking, saying the SEC and the CFTC can keep writing crypto rules without the bill. Several framed the loss as one of permanence, since a future agency chair can rewrite a rule and repealing a statute takes another act of Congress. Mark Warner, one of the seven Democrats who negotiated the bill, said the president's ability to profit from crypto was what made it impossible for him to vote yes.

Cloture on the motion to proceed to H.R. 3633 fell 11 votes short of the 60 it needed. All 49 votes to proceed came from Republicans. Collins, Hawley, Moran and Tillis voted no, and Tillis voted no to preserve the right to move to reconsider, which he did a minute after the result was announced. Polymarket cut the odds of the bill becoming law this year to 6.5% from 29.5% on Monday.

The ethics division drops the Jan. 20, 2029 sunset, reverses the July text's bar on state attorney general enforcement, and raises civil penalties from 10% of the take or $500,000, whichever is less, to 20% or $500,000, whichever is greater. The bans on issuing and sponsoring digital assets reach only assets created after the law takes effect, up to 360 days after enactment. No Democrat has endorsed the text.

The Sept. 10 substitute adds CFTC registration and Bank Secrecy Act obligations for trading protocols that are not decentralized, limits the DeFi title to spot and cash digital commodity transactions, and clarifies what credit unions may do with digital assets. The seven Senate Democrats who have negotiated the bill for a year have not withdrawn the statement of opposition they issued in July.

A pending exemptive application would let ARK Venture Fund record ownership of a new share class using distributed ledger technology and trade it on registered ATS venues. Hearing requests are due Sept. 18.

The Wyoming Stable Token Commission adopted Chainlink Proof of Reserve for the Frontier Stable Token on Sept. 2. FRNT's total supply is 967,948 tokens, about 0.2% of the 508.7 million the Commission projected to the state legislature as its base case.

Two Thai businessmen are suing Tether in Manhattan federal court over 42,417,785.62 USDT blacklisted across 10 Ethereum addresses. Onchain records show all 10 were frozen in a single two-and-a-half-minute batch on Oct. 30, 2025, and the seizure warrant the complaint cites is dated Feb. 19, 2026.

The proposal would update electronic recordkeeping rules and add risk-management and compliance requirements for registered transfer agents using blockchain systems.

The panel affirmed the dissolution of Kalshi’s Nevada injunction after finding no likely federal preemption, reaching the opposite preliminary conclusion from the Third Circuit.