CoinDesk and The Hill report Congress has only days before recess, with the bill's path narrowed to a handful of outcomes.
Agency rules move faster but are less durable. They can be revised or challenged more readily than a statute passed by Congress.
The CLARITY Act would split oversight between the SEC and CFTC. One agency acting alone cannot allocate authority it does not hold.
Whether the bill gets a floor vote before recess, and if it slips, how quickly and how broadly the SEC actually moves.
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