Cryptocurrency mergers and acquisitions are expected to continue despite the Clarity Act stalling in Congress, with deal activity likely concentrating in sectors where regulatory frameworks are already established. Bankers and investors indicate that while businesses facing unresolved token-related questions may see slower acquisition interest, the broader M&A trajectory remains intact as regulators step in to provide clarity outside of legislative action. The SEC and CFTC have taken proactive measures to support market certainty, including the SEC's approval of a temporary Innovation Exemption for onchain tokenized U.S. stock trading and a proposed rule clarifying customer crypto asset custody. The CFTC has simultaneously removed barriers by granting relief to software providers and updating guidance on tokenized investments and blockchain recordkeeping, effectively unlocking deal flow across digital assets and traditional fintech.