PiCK
Former SEC Adviser Says CLARITY Act Still Has a Path, With September as the Decisive Window
Summary
- Justin Slaughter, a former SEC adviser and Paradigm’s vice president for regulatory affairs, said the CLARITY Act still has a chance of passing.
- Slaughter said the Senate will be in session for only three weeks in September, making that period the effective make-or-break window for the bill.
- He added that the crypto industry must continue working to win support from policymakers and major media outlets.
Forecast Trend Report by Period
Justin Slaughter, a former adviser to the US Securities and Exchange Commission and now Paradigm’s vice president for regulatory affairs, said the CLARITY Act still has a chance of passing.
Writing on X on August 7, Slaughter said the bill’s prospects have fallen sharply as action has been delayed, but it should not be ruled out entirely. The Senate will be in session for only three weeks in September, he wrote, making that period the effective window for advancing the legislation.
Slaughter also said the crypto industry must keep working to win support from policymakers and major media outlets. Policymaking in Washington is still heavily influenced by the press, he wrote, and many conservative opinion leaders remain skeptical of digital assets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.