CEO Institut Kebijakan Solana Menilai Peluang Undang-Undang Kejelasan Sebelum Pemilihan Paruh Waktu Hanya 10%

TheCoinrise Media · 2026-08-19T06:01:10.000Z

Rancangan undang-undang struktur pasar kripto terhenti dalam apa yang disebut eksekutif sebagai 'neraka masa reses Agustus', sementara pemilihan legislatif paruh waktu semakin dekat. CEO Institut Kebijakan Solana memberikan penilaian yang tajam mengenai prospek Undang-Undang Kejelasan. Ia mengatakan rancangan itu sedang berada dalam apa yang ia sebut neraka masa reses Agustus. Ia memperkirakan peluang rancangan tersebut lolos sebelum pemilihan paruh waktu hanya sekitar 10%. Undang-Undang Kejelasan adalah rancangan legislasi federal yang bertujuan menetapkan aturan yang lebih jelas untuk pasar aset digital. Para pendukung mengatakan rancangan itu akan menentukan regulator mana, Komisi Sekuritas dan Bursa (Securities and Exchange Commission) atau Komisi Perdagangan Berjangka Komoditas (Commodity Futures Trading Commission), yang mengawasi jenis token dan aktivitas perdagangan tertentu. Pertanyaan itu telah berlarut-larut selama bertahun-tahun, memicu sengketa penegakan hukum serta keluhan industri tentang ketidakpastian regulasi.

The crypto market structure bill is stuck in what the executive calls 'August recess purgatory,' with midterm elections looming.
The Solana Policy Institute's chief executive has offered a blunt assessment of the Clarity Act's prospects. He said the bill is sitting in what he called August recess purgatory. He put its odds of passing before the midterm elections at roughly 10%.
The Clarity Act is a proposed piece of federal legislation aimed at establishing clearer rules for digital asset markets. Supporters say it would define which regulator, the Securities and Exchange Commission or the Commodity Futures Trading Commission, oversees specific types of tokens and trading activity. That question has lingered for years, fueling enforcement disputes and industry complaints about regulatory uncertainty.
Congress traditionally leaves Washington for an August recess, pausing most legislative business. Lawmakers return in September with a compressed calendar before midterm campaigning intensifies. That timing squeeze is central to the CEO's pessimism. Bills that lack momentum heading into recess often struggle to regain it once members return, especially with elections approaching.
The Solana Policy Institute has been an active voice in Washington on crypto policy matters. Its focus includes market structure legislation that would affect how tokens like SOL and the broader Solana ecosystem are regulated. The organization's assessments carry weight because they reflect direct engagement with lawmakers and staff working on the bill.
A 10% chance of passage before midterms suggests the CEO views near-term movement as unlikely, without ruling it out entirely. The characterization leaves room for the bill to advance later, potentially after the midterms reshape congressional priorities and committee leadership. Industry watchers have grown accustomed to market structure legislation moving in fits and starts over multiple congressional sessions.
The Clarity Act follows years of debate over how to regulate digital assets without existing securities or commodities frameworks fitting cleanly. Previous attempts at comprehensive crypto market structure bills have stalled amid disagreements between the two chief financial regulators, industry lobbying, and partisan divides. Each new legislative cycle brings fresh optimism from advocacy groups, followed often by delays tied to unrelated political priorities.
The CEO's comments arrive as crypto firms continue pressing Congress for regulatory clarity. Many argue that without statutory definitions, companies face compliance risk regardless of good-faith efforts to follow existing law. That uncertainty has been cited repeatedly as a factor pushing some crypto business activity offshore or into legal gray areas.
Market Impact
Delays to the Clarity Act extend the regulatory uncertainty that crypto firms have cited as a barrier to expanding operations onshore. Without statutory clarity on SEC versus CFTC jurisdiction, exchanges, token issuers, and custody providers continue operating under interpretive risk rather than fixed rules.
A stalled legislative timeline does not directly move token prices, but it does shape longer-term planning for firms weighing where to list products or seek licenses. Continued gridlock may reinforce reliance on state-level frameworks or foreign jurisdictions offering more defined rules in the interim.
The Clarity Act's fate now hinges on whether Congress can regain momentum after recess and before election-season distractions dominate the calendar. For now, the Solana Policy Institute's assessment suggests industry advocates should temper expectations for swift passage.
Frequently Asked Questions
What is the Clarity Act?
It is proposed federal legislation intended to establish clearer market structure rules for digital assets, including how oversight is divided between the SEC and CFTC.
Why did the Solana Policy Institute CEO call it 'August recess purgatory'?
Congress typically pauses legislative work during its August recess, and the CEO used the phrase to describe the bill stalling during that period with no clear path forward.
What are the odds cited for passage before the midterm elections?
The Solana Policy Institute CEO put the chance of the Clarity Act passing before the midterms at about 10%.
Could the bill still pass after the midterms?
The stated odds apply specifically to the pre-midterm window. The CEO's comments do not rule out later action once Congress reconvenes and priorities shift.
Originally reported by AltcoinGordon, written by Sophia Bennett. Republished with permission.
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