Justin Slaughter, Paradigm's vice president of regulatory affairs and a former senior adviser at the U.S. Securities and Exchange Commission (SEC), is confident that the much-talked-about Clarity Act should not be completely written off despite the US Senate recently deciding to delay the bill's consideration until September.
Slaughter recently took to the X social media network to state that the legislation "isn't dead," though he acknowledged that its odds of passage have become considerably longer following the delay.
An unfortunate delay
The Senate was initially expected to hold a procedural vote on the crypto market structure bill before lawmakers departed for the August recess.
However, Senate Majority Leader John Thune confirmed that the vote would instead be pushed to September after negotiations stalled.
