With the US Congress entering its year-end "lame duck" session, the crypto industry's expectations for new legislation have cooled significantly. Industry insiders believe the likelihood of the much-anticipated Clarity Act being reinstated in the short term is low, with members of Congress more likely to prioritize regulatory appointments and other legislative matters. Issues still expected to be discussed include cryptocurrency tax rules, the CFTC's spot market regulatory authority, stablecoin yields, and the regulation of illicit financial activities, but the chances of substantial progress are limited. With the Democrats expected to control both houses of Congress in the new session, the crypto industry anticipates shifting more legislative work to 2027. (CoinDesk) https://www.(wublock123.com)/news/us-canada-crypto-regulation-cooling-industry-shifts-to-2027-72007