Justin Slaughter, former advisor to the U.S. Securities and Exchange Commission (SEC) and Vice President of Regulatory Affairs at crypto investment firm Paradigm, said that the CLARITY Act has not been scrapped yet. He explained via his X account, "I acknowledge that the likelihood of passage has significantly decreased due to delays. However, the possibility of passage should not be completely ruled out. There is still a chance for it to be enacted into law. There is a short three-week Senate session in September when election campaigns will be in full swing. The bill must be processed during this period." He added, "The industry must continuously strive to gain the support of policymakers and elite media. Washington D.C. policy is still heavily influenced by the media, and many conservative opinion leaders still have doubts about cryptocurrency."
