Clarity Act News: Scaramucci 3-Year Regulatory Delay Warning

Anthony Scaramucci warned that the Clarity Act — legislation to establish clear jurisdiction between the SEC and CFTC — may not clear the Senate until 2029 due to political gridlock and bank lobbying. He argues that prolonged regulatory uncertainty will freeze institutional allocations into everything except Bitcoin, which already has de facto commodity status via spot ETF approvals. Layer‑1 tokens such as Solana, Avalanche and TON will remain in legal limbo and off many fiduciaries’ approved asset lists, keeping allocations smaller and more liquid. The piece warns that enforcement‑led regulation creates an unpredictable headline‑risk floor, capping ETF inflows and producing an ‘‘extended chop’’ price regime rather than steady allocation growth for most crypto assets.