Clarity Act stalls as SEC, FASB, and OCC write crypto rules

The Clarity Act, a unified federal crypto regulatory bill, has stalled in the Senate due to unresolved disputes over stablecoin yield, DeFi protocol classification, and ethics rules. Meanwhile, the SEC, FASB, and OCC are independently advancing detailed crypto regulations through agency rulemaking, potentially leading to a fragmented regulatory environment without a single coherent statute.

This Wire brief sits within Fusion42's coverage of Fintech, and 19 sources have reported it between 3 Aug 2026 and 26 Aug 2026.