Gillibrand Says Democrats Still Committed to Passing Clarity Act

The gap between Gillibrand's stated commitment and analyst expectations is the real story: a legislative path that sponsors still describe as alive is being priced by the market as unlikely to conclude this Congress. That shifts the practical locus of US crypto market-structure policy toward the SEC and CFTC, where rulemaking can advance without a floor vote but is more exposed to leadership changes and litigation. For projects and platforms weighing US exposure, the operative question becomes which agency posture, not which statute, defines the near term. Whether the bill regains procedural momentum is the open question.