The 'CLARITY Act' passed the Senate Agriculture Committee by a narrow margin, seemingly a step forward, but in reality, exposing deeper divisions. The regulatory framework is clarified, and the CFTC's role is defined, but bipartisan cooperation has completely broken down over ethical provisions and power boundaries. With the 60-vote threshold and the countdown to midterm elections: This feels more like a symbolic move rather than the beginning of real implementation. The window for crypto legislation is still open, but time is no longer on its side.