House cancels directly the last two weeks of September sessions, and the odds of the CLARITY Act passing this year are basically dead. Chainlink’s legal chief said directly: “It looks bleak; the industry is pretty frustrated.”

In plain terms, stablecoin legislation has been pushed to next year’s election year, meaning more variables. With this crypto regulation mess, it’ll have to sit in uncertainty for a few more months.

Near-term sentiment is bearish, but don’t expect a big drop either—the market is already numb.

$LINK