Former Fed innovation chief says crypto progress to continue without CLARITY Act

Sunayna Tuteja, former chief innovation officer at the U.S. Federal Reserve, said regulatory work and industry innovation will continue even if the CLARITY Act does not pass. In an interview with Digital Asset in Seoul on Oct. 1, Tuteja said the U.S. SEC and the CFTC had already begun preparing for a scenario in which the bill is not enacted and that work will continue. Tuteja added the SEC and CFTC have been issuing new guidance almost daily since the Senate rejected cloture on the CLARITY Act, calling it a very positive sign.