Part 7/9:
While the Clarity Act offers a comprehensive framework, there is skepticism surrounding the ambitious one-year timeline for implementing rules if the bill is passed. Important regulatory provisions within the Dodd-Frank Act, passed over a decade ago, still remain unresolved, indicating the complexities involved in financial regulation.
The legislative landscape is also complicated by the concurrent discussions around a Senate stablecoin bill, which has made progress but faces its share of partisan challenges. Some lawmakers are advocating for the two bills to be combined, although this move might hinder individual passage efforts.