The hotly anticipated CLARITY (Cryptocurrency Legislative and Regulatory Integrity) Act, a critical piece of legislation designed to establish clear jurisdictional lines between the SEC and the CFTC, is facing unexpected legislative headwinds that threaten its targeted Q3 passage timeline.
Initially championed as a rare example of bipartisan cooperation aimed at ending regulatory fragmentation in the digital asset space, the bill’s momentum has dramatically stalled following former President Donald Trump’s aggressive pivot toward embracing cryptocurrency policy. Trump’s recent endorsement of crypto campaign donations and his direct critique of current SEC enforcement practices have injected a potent dose of partisan conflict into what was previously considered a technical regulatory discussion.
Capitol Hill analysts note that this politicization is proving lethal to the consensus required for complex financial legislation. Key committee markups in both the House Financial Services Committee and the Senate Banking Committee have been repeatedly postponed. Moderate members of Congress, particularly those up for re-election, are now wary of casting a vote that could be interpreted as either directly endorsing or strongly opposing the former President’s rapidly developing crypto platform.
The timeline threat is real. If the CLARITY Act is not passed before the upcoming recess, regulatory experts fear the window of opportunity will close, leading to continued uncertainty for exchanges and developers. While proponents of the bill attempt last-minute negotiations to strip out highly controversial amendments, the overarching concern remains that Trump’s vocal involvement has effectively dissolved the essential bipartisan buffer, pushing the future of U.S. crypto regulation further into the electoral uncertainty of the upcoming cycle.
Source: Morning Minute: Trump’s Crypto Entanglements Threaten CLARITY Act Timeline
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