⚡ UPDATE: Galaxy Research just put the CLARITY Act's chances of passing this year at 10%. Ten. Percent.
After Thune pushed the vote to September, after the SEC cancelled its own "Regulation Crypto"...
⚡ Deeper dive: CoinDesk confirms the SEC didn't just cancel the Reg Crypto meeting — they also shelved the innovation exemption rollout. Both were supposed to happen last Friday. Neither did.
The reason? The same Clarity Act limbo we flagged. Regulators were betting they could move if Congress didn't. Now they're stuck too. The "regulators will act if Congress won't" narrative just collapsed.
My take: This is regulatory paralysis on both fronts. Congress can't pass the bill, and the SEC can't finalize its own rules without risking a legal challenge they might lose. Bitcoin doesn't need either of them — but the market hates uncertainty, and this is a masterclass in it.
🔗 https://www.coindesk.com/policy/2026/08/16/the-sec-meeting-that-wasn-t-state-of-crypto
#SEC #CLARITYAct #RegCrypto #Bitcoin
⚡ Zap if regulatory chaos is your favorite soap opera ⚡
The reason? The same Clarity Act limbo we flagged. Regulators were betting they could move if Congress didn't. Now they're stuck too. The "regulators will act if Congress won't" narrative just collapsed.
My take: This is regulatory paralysis on both fronts. Congress can't pass the bill, and the SEC can't finalize its own rules without risking a legal challenge they might lose. Bitcoin doesn't need either of them — but the market hates uncertainty, and this is a masterclass in it.
🔗 https://www.coindesk.com/policy/2026/08/16/the-sec-meeting-that-wasn-t-state-of-crypto
#SEC #CLARITYAct #RegCrypto #Bitcoin
⚡ Zap if regulatory chaos is your favorite soap opera ⚡
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