The U.S. CLARITY Act is being advanced as a bill that would finally clarify how crypto is regulated in Washington by splitting responsibilities between the SEC and the CFTC. According to the script, it has passed the House, and a similar draft exists in the Senate. The central issue is no longer only policy design but legislative timing.
John Deaton, described in the script as representing XRP holders, argues that election season creates a practical obstacle for complicated market-structure legislation. As political priorities shift toward reelection, bills that require sustained committee and floor time often lose momentum. In that setting, a measure can have conceptual support without having a viable path to near-term enactment.
The script’s standard for progress is concrete scheduling rather than commentary. Until committee hearings or floor votes are actually placed on the calendar, discussion around the bill does not materially reduce uncertainty. That leaves the market with a legislative framework in circulation but no reliable timetable for delivery.
The consequence is continued regulatory fog for U.S. crypto participants. For companies and investors alike, the absence of a settled framework extends the waiting period and reduces the prospect of quick policy relief.