Clarity Act News: Scaramucci 3-Year Regulatory Delay Warning

Anthony Scaramucci warned the news that the Clarity Act may not clear the Senate until 2029, citing bank lobbying and political gridlock as the primary kill mechanisms. With the current mechanism, institutional compliance teams cannot approve allocations to asset classes that lack statutory legal classification. Fiduciaries operating under ERISA or similar mandates cannot benchmark to an unregulated asset class witho…