Scaramucci warns: Clear legislation could be delayed until 2029 due to gridlock

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Anthony Scaramucci warned that Clarity Act It won’t pass the Senate until 2029, citing pressure from banks and political deadlock as the primary means of stopping it. Under the current system, joint ventures cannot approve the allocation of funds to groups of assets that do not have a legal entity.

Supervisors operating under ERISA or similar jurisdictions cannot measure performance against an unregulated financial group without risk of liability. Without the Clarity Act to establish clear lines between the SEC and the CFTC, single-tier tokens – such as Solana, Avalanche, and TON – remain unregulated by regulations that prevent them from entering the list of approved products for major allocators.

2029 is not just a delay, it’s a different market

Scaramucci, the founder of SkyBridge Capital, did not make this as a temporary return, but he identified three political areas that made this passage in the Senate very difficult: Trump’s introduction of memes before the establishment that separated the pro-crypto Democrats, the threat to include Greenland that disturbed the attention of the NATO allies and the defense of $ 20 billion in Iran. It wasted the whole time of the Senate.

The result, in Scaramucci’s analysis, is that the opposition to the president has reached the point where he opposes any bill he thinks is successful, including regulating Bitcoin.

He said this clearly:

“I don’t see anyone arguing against a president who would allow him to win on cryptocurrency policy right now.”

Historical comparisons make the delay appear constant; The Dodd-Frank Act went from crisis to signature in 14 months, and the JOBS Act was passed in less than 12 months. Although the Clarity Act has been in the legislative process since 2023, and passed the House in July 2025 with moderate votes (294 to 134), it has not yet been able to attract attention in the Senate.

The decision here is straightforward: without a clear law, institutionalization is concentrated in Bitcoin, the only financial group that has gained commercial space thanks to the acceptance of exchange-traded funds (ETFs), while everything below the list of stock markets remains cold from the main institutions.

Control through coercion creates an instability that even money can’t absorb

The real problem is that lengthening regulations through enforcement does not prevent money from entering the market, as the Bitcoin spot currency has shown that this is not the case. The problem is that enforcement actions are unpredictable, and unpredictable enforcement is against the scale of the landscape.

When the SEC goes against a trading platform or token issuer without a regulatory framework to define what constitutes a security, the risk of headlines is unpredictable. Risk-representative institutions cannot establish regulatory limits, which means that they cannot determine the size of positions and trusts, so that shares will be smaller and more liquid than they would be under certain rules.

Arthur Hayes argued otherwise The value of Bitcoin lies precisely in its existence outside of the regulatory system. However, this argument does not help managers to pursue pension funds or financial investments that require a legal team rather than common sense.

“I don’t see anyone arguing against a president who would allow him to win on cryptocurrency policy right now.” – Anthony Scaramucci, SkyBridge Capital, Solana Policy Summit.

Scaramucci also said that “great volatility” could be in the market prices during the remaining period of Trump without the proposed law, the ceiling was not established by the principles of Bitcoin but due to the lack of regulations to regulate anything else. As long as leverage is still the dominant tool in market making, the ETF ceiling will remain lower than what investment funds can support.

A note Scaramucci warns: Clear legislation could be delayed until 2029 due to gridlock appeared for the first time Cryptonews Arabic.

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