U.S. regulators moved further into crypto market structure this week after the Clarity Act stalled, with tokenized stocks, crypto rulemaking and new custody products drawing attention. At the same time, Bitcoin held up through the policy turbulence, and several crypto-linked funds and tokens saw fresh activity.
Regulators fill the gap left by Clarity
The failed Clarity Act is pushing U.S. crypto oversight back toward the SEC and CFTC, both of which are advancing new actions under existing authority. The CFTC has sent a crypto market regulation plan to the White House for review, while the SEC’s tokenized-stock push could benefit firms involved in custody, tokenization infrastructure and stablecoin settlement.
Sources: Decrypt, Decrypt, Cointelegraph, CoinDesk, CoinDesk
New fund products keep coming
Grayscale filed a 3-for-1 forward split for its Zcash ETF, with shareholders set to receive two additional shares for each one held at the close on Sept. 28. REX also launched a leveraged ETF tied to Strive, offering 2x daily exposure to the Bitcoin treasury firm’s shares.
Sources: Cointelegraph, Decrypt, Cointelegraph
Bitcoin steadies after a volatile stretch
Bitcoin’s recent resilience remained a focal point after a sharp rally driven largely by short liquidations. Market coverage this week said the asset’s stability has been read as a sign that broader adoption and liquidity cycles continue to matter more than Washington headlines.
Sources: Decrypt, CoinDesk, Decrypt, Cointelegraph, CoinDesk
Infrastructure and custody broaden
Bastion won conditional OCC approval for a national trust bank charter, positioning it to offer stablecoin custody and wallets, payment infrastructure and white-label issuance under one federally regulated entity. Separately, analysts said the SEC’s tokenized-stock opening could create new opportunities for custody and onchain brokerage products.
Sources: Cointelegraph, CoinDesk
Other notable market and network moves
Solana cut block times in a recent speed upgrade, though the change was described as improving freshness rather than capacity. Binance also expanded its tradfi push with 24/7 FX perpetuals and weekend pricing. In the market, crypto-linked stocks rebounded after the Clarity Act selloff, while some DeFi and layer-2 tokens outperformed during the broader crypto advance.
Sources: Decrypt, Cointelegraph, Cointelegraph, CoinDesk