BULLISH 📈 : CoinFund’s Chris Perkins says crypto operates without CLARITY Act, cites SEC/CFTC guidance
Chris Perkins of CoinFund said the industry can operate without the CLARITY Act. He pointed to existing agency guidance as sufficient.
“These guys are creating policy and precedent every single day,” Perkins said. If the CLARITY Act stalls, “we’re going to be just fine.”
Perkins argued the March 2026 joint SEC–CFTC interpretation already offers the market needed clarity. He framed CoinFund’s investing as not contingent on the bill’s passage.
The CLARITY Act would set how to classify digital assets, split SEC and CFTC jurisdiction, and define compliance paths for issuers and exchanges. It covers DeFi protocol treatment, yield arrangements, and when an asset shifts from security to commodity as decentralization advances. Bill scope and status.
Sen. Tim Scott said in May the bill was near markup, “in the red zone,” but unified GOP support is uncertain. Broader timing depends on competing fiscal work. Scott’s update. Policy debate continues in Washington.
Provisions on DeFi token treatment and yield ring‑fencing face scrutiny from members concerned about breadth and retail protections. Without statute, the SEC and CFTC lean on existing laws; the March 2026 interpretation coordinates classification but doesn’t grant safe harbors. DeFi and yield provisions.
Polymarket puts 63% odds on the CLARITY Act becoming law in 2026. Odds snapshot.
Coinbase declined to back an earlier draft, citing specific concerns, showing major players have reservations. Coinbase’s stance.