The CLARITY Act amendment was passed with an 18:6 vote, officially extending insider trading rules to cover crypto assets. This is not only a tightening of regulation but also a structural shift as crypto assets move from the "wild west" into the traditional financial compliance framework.

The amendment requires the insider trading ban under securities law to apply to "auxiliary assets"—that is, most mainstream tokens. Warren's opposition revealed a key contradiction: the bill itself defines "auxiliary assets" too narrowly, and many assets with securities characteristics may be overlooked.
But regardless, the crypto market now has a clear enforcement basis. The previous "gray compliance" model relying on self-regulation and on-chain transparency will be replaced by formal legal rules.
For traders and project teams, this means the risk of insider trading has escalated from a moral issue to a legal one. Influencer pump-and-dump schemes, teams front-running, asymmetric information among partners—these gray-area operations will face dual enforcement from the SEC and CFTC.
Market structures are being rewritten. Compliance costs are rising, but in the long run, this is an inevitable path for crypto assets to enter mainstream financial infrastructure.
$clarity #kol #On-chain data #监管 #Blockchain