Crypto Regulation: White House Pushes CLARITY Act; CFTC Prepares Fallback Rules; SEC Votes on 'Regulation Crypto'

Trump pressed Congress to pass the stalled CLARITY Act at a White House event with top executives, but Senate gridlock persists. CFTC chair Selig ordered staff to draft crypto rules as a fallback if Congress fails, and the CFTC is reportedly preparing market rules. The SEC is also preparing tokenized stock rules and voting on 'Regulation Crypto' this Friday. Galaxy slashed passage odds for the CLARITY Act to 10% from 75% in May. Key disputes on ethics and stablecoin yields remain unresolved. The Sept 15 procedural vote is a critical milestone. This regulatory uncertainty has immediate market impact (bitcoin above $70k) and midterm implications.