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The cryptocurrency sector will continue to progress without the CLARITY legislation, according to Christopher Perkins., 2026/05/04 10:21:08
Christopher Perkins, CEO of 250 Digital Asset Management and president of CoinFund, suggested that the cryptocurrency sector will continue to advance even if the CLARITY bill regarding the division of regulatory powers over the crypto market is not enacted in the United States.
In the Cointelegraph Chain Reaction podcast, Perkins mentioned that two U.S. financial regulators—the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)—have already provided clarity in the regulation of cryptocurrencies, which has long been needed by industry participants.
In March, both agencies released a joint clarification on how federal securities laws could apply to cryptocurrencies. Recently, the SEC identified specific crypto assets that fall under the categories of digital goods or digital collectibles.
According to Perkins, such guidance fosters a stable environment for crypto businesses. He believes that it is more challenging to revoke a law than to enact one. Nevertheless, he asserts that clear and understandable legislation, rather than just inter-agency guidelines, is essential for establishing definitive rules for the crypto industry in the long run.
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“Regulators are working daily to create clear regulatory requirements for the crypto sector, setting precedents. They are not waiting for a legislative mandate, and even if the CLARITY bill is not passed, crypto companies will be fine,” Perkins stated.
He noted that under former SEC Chairman Gary Gensler, most cryptocurrencies were classified as securities, leading to frequent enforcement actions against issuers. Many crypto assets were delisted from major platforms, as seen with XRP due to the prolonged legal battle between the SEC and Ripple, which began in 2020 when the agency accused the company of conducting an unregistered ICO. Perkins believes that the situation changed with the arrival of the new Trump administration, which has been more lenient towards the crypto industry.
“Previously, being classified as a security was a death sentence, but now being a security is a positive thing,” Perkins remarked.
The CLARITY bill aimed to delineate the regulatory responsibilities of the SEC and CFTC concerning the digital asset market. Its progress in Congress has been stalled due to provisions regarding interest payments to stablecoin holders, as banks are concerned about potential mass withdrawals from deposits.
Recently, Republican Senator Cynthia Lummis from Wyoming urged Congress to expedite the passage of CLARITY before lawmakers become preoccupied with the November 2026 midterm elections.
