So here's the thing about CLARITY not passing — agencies can still build out their own frameworks, right? But those frameworks are sitting ducks. Anyone who thinks the agencies went too far can drag them to court.
Usually, courts don't love second-guessing regulators. But ever since the Supreme Court killed Chevron back in 2024, all bets are off. That doctrine used to give agencies a ton of breathing room. Now? We genuinely don't know how courts will rule. And every challenge just gums up the works.
What I do like: the SEC isn't sitting around waiting for September. They're moving. That's the vibe — hope legislation lands, but don't count on it. Build the scaffolding anyway. It's messy, it's uncertain, but at least it's motion.
Usually, courts don't love second-guessing regulators. But ever since the Supreme Court killed Chevron back in 2024, all bets are off. That doctrine used to give agencies a ton of breathing room. Now? We genuinely don't know how courts will rule. And every challenge just gums up the works.
What I do like: the SEC isn't sitting around waiting for September. They're moving. That's the vibe — hope legislation lands, but don't count on it. Build the scaffolding anyway. It's messy, it's uncertain, but at least it's motion.