Former SEC Adviser Says CLARITY Act Still Has a Path, With September Likely Decisive
Summary
- Former SEC adviser Justin Slaughter said the CLARITY Act still has a path to passage.
- Slaughter said the Senate's three-week session in September will be the decisive window for advancing the bill.
- He said the crypto industry must keep working to win support from policymakers and major media outlets.
Forecast Trend Report by Period
Former US Securities and Exchange Commission adviser Justin Slaughter, now vice president for regulatory affairs at crypto investment firm Paradigm, said the CLARITY Act still has a path to passage.
Writing on X on August 7, Slaughter said the bill's chances have fallen markedly as action has been delayed, but added that its passage should not be ruled out entirely. With the Senate scheduled to be in session for only three weeks in September as the election campaign intensifies, that period is effectively the decisive window for advancing the bill.
He also wrote that the crypto industry needs to keep working to win support from policymakers and major media outlets. Policymaking in Washington, DC remains heavily influenced by the press, and many conservative opinion leaders are still skeptical of digital assets, he added.
JH Kim
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