Why the SEC-CFTC Guidance May Make the Clarity Act Irrelevant

The SEC and CFTC issued a joint 68-page interpretation on March 17, classifying most crypto assets as non-securities and carving out safe zones for staking, airdrops and mining. The move has prompted a growing chorus of market participants to ask whether Congress still needs to pass the Digital Asset Market Clarity Act of 2025 (CLARITY
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