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>>Despite the government shutdown, Republicans believe legislation known as the CLARITY Act could still be approved this year. However, reviews of potential Bitcoin exchange-traded funds might be postponed.

Despite the government shutdown, Republicans believe legislation known as the CLARITY Act could still be approved this year. However, reviews of potential Bitcoin exchange-traded funds might be postponed.

crypthub

1 day ago

CLARITY Act Overview

The CLARITY Act is a House-passed bill aiming to establish a regulatory framework for digital assets, clarifying roles for federal agencies and creating standards for custody and exchanges. Its purpose is to bring greater legal certainty to the market and reduce jurisdictional disputes. Lawmakers remain optimistic about its potential for passage, even amidst government shutdown related delays. The act seeks a durable regulatory structure.

Government Shutdown Impact

The ongoing government shutdown is temporarily impacting federal agency operations, most notably at the SEC, which is operating with reduced staff. This slowdown can delay administrative reviews and interagency coordination, including potentially pausing cryptocurrency ETF application reviews. Lawmakers acknowledge these delays but maintain the legislation's momentum.

Legislative Timeline and Outlook

Republican sponsors of the CLARITY Act are still targeting completion of the bill by the end of the year. They believe using the House text as a base for the Senate version could accelerate the process. A goal remains a Senate-passed market structure bill by 2026.