Timeline of events since Congress failed to pass the Crypto Clarity Act

September 15: Senate fails to pass Crypto Clarity Act.

September 17:
• SEC allows limited on-chain trading of tokenized US stocks.
• CFTC allows developers to build passive derivatives software without registering as brokers, including for crypto markets.
• SEC Chair Atkins says tokenization rules are moving toward a longer-term framework.

September 18:
• CFTC files new crypto market rules, moving them into White House review.

September 23:
• CFTC Chair Selig says the agency is establishing clear crypto market structure rules.
• CFTC outlines plans for 24/7 on-chain, tokenized financial markets.
• Trump administration considers promoting dollar-backed stablecoins internationally.

September 24:
• CFTC issues updated guidance on tokenized assets and blockchain recordkeeping.
• Federal Reserve proposes rules for stablecoin issuers under the GENIUS Act.

September 25:
• SEC staff releases new guidance on how securities laws apply to crypto.
• SEC Commissioner calls to end mass collection of sensitive KYC data.

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