Ten percent. That's the number Solana Policy Institute CEO Miller Whitehouse-Levine puts on the odds of the Clarity Act passing before the midterm elections — and the tone isn't exactly optimistic.
According to The Block, Whitehouse-Levine described the bill as currently stuck in "August recess purgatory" — with Congress in recess, deliberations on the bill have ground to a halt, and there's little sign of real progress in the near term. He pegs the odds of passage before the midterms at just 10%.
With legislative progress stalled, Whitehouse-Levine turned his attention to regulators, calling on them to move faster. As he put it bluntly, the industry "can't afford to keep waiting for Congress."
No further public details on the specific provisions or upcoming timeline for the Clarity Act have been released.
