What Happens If the Clarity Act Fails?

<p>The Clarity Act remains one of the crypto industry's biggest policy priorities in Washington, but what happens if Congress can't get market structure legislation across the finish line?</p><p><br /></p><p>Kristin Smith, President of the Solana Policy Institute, joins Crypto in America at the Wyoming Blockchain Symposium to discuss why passing major crypto legislation has proven more difficult than anticipated, why the SEC and CFTC may need to pursue what she calls “Operation Plan B,” and what greater regulatory certainty could mean for Solana and institutional adoption.</p><p><br /></p><p>The conversation explores the political hurdles still facing crypto market structure legislation, the role of SEC and CFTC rulemaking, Solana's opportunity in tokenized securities, institutional capital sitting on the sidelines, Fairshake's impact on Washington, and why tax policy could become one of crypto's next major policy fights.</p><p><br /></p><p>Timestamps </p><p>00:10 Kristin Smith on the Future of U.S. Crypto Policy</p><p>00:34 Why U.S. Crypto Policy Matters Globally</p><p>01:30 How the Clarity Act Has Evolved</p><p>03:22 Why Congress Is Running Out of Time</p><p>05:42 How Likely Is the Clarity Act to Pass?</p><p>07:55 The 60-Vote Challenge</p><p>08:23 Banks, Yield and the Final Negotiations</p><p>10:27 Can SEC Rulemaking Move Ahead of Congress?</p><p>11:17 Why Crypto Needs “Operation Plan B”</p><p>12:52 What the Clarity Act Means for Solana</p><p>14:56 Tokenized Securities and Institutional Adoption</p><p>15:23 Why Wall Street Money Is Sitting on the Sidelines</p><p>16:18 DeFi and Regulated Markets on Solana</p><p>17:11 Public Blockchains as Financial Infrastructure</p><p>18:48 Fairshake’s Influence in Washington</p><p>19:21 How Crypto Should Approach the Midterms</p><p>21:15 How Fairshake Changed Crypto’s Political Power</p><p>21:46 Crypto’s Next Major Policy Fight: Taxes</p><p>23:40 Why Washington Has a Crypto Tax Education Gap</p><p>24:39 What to Watch From the SEC and CFTC</p><p>25:41 Wall Street’s Next Wave of Crypto Adoption</p><p><br /></p><p>Follow Us </p><p>https://x.com/CryptoAmerica_</p><p>https://open.spotify.com/show/2Y3bQRj... </p><p>https://podcasts.apple.com/us/podcast... </p><p><br /></p><p>Follow Hosts</p><p>Jacquelyn: https://x.com/jacqmelinek</p><p>Gerald: https://x.com/thatgerald</p><p>Eleanor: https://x.com/EleanorTerrett</p><p><br /></p><p>Follow Kristin Smith</p><p>https://www.linkedin.com/in/smithk1</p><p>https://www.instagram.com/kmsmithassn/</p><p>https://x.com/KristinSmith</p><p><br /></p><p>Please note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.</p><p><br /></p><p>This show is sponsored by Sei. Learn more about Sei: https://www.sei.io/</p><p>This show is sponsored by Sumsub. Get your copy of its State of the Crypto Industry report: https://sumsub.link/cdt</p>