Crypto regulation in the U.S. is fragmented across agencies (SEC, CFTC, Treasury)

Any “clarity act” requires settling jurisdiction first, which is the hardest part

Timelines in Congress routinely slip when texts are amended or tied to broader bills
$BSB

Market impact, if progress is real:

reduces regulatory uncertainty premium

increases institutional participation

shifts listing and custody frameworks
$SYN

But here’s the truth traders ignore: markets price rumors early and often overprice legislative certainty. The actual passage, if it happens, tends to be a “sell-the-news” event after months of anticipation. $EVAA

Until there is an official bill text + bipartisan committee approval, this remains narrative momentum, not policy completion.