House Delay Deals Blow to Clarity Act Hopes

Chainlink's Head of Legal, Katherine Kirkpatrick Bos, has expressed her disappointment and concern over the recent delay in the House's legislative schedule. The cancellation of the final two weeks of September's schedule is 'devastating' for the Clarity Act, according to Bos.

The Clarity Act aims to provide regulatory clarity and futureproof the good work being done in the industry. However, Bos believes that legislation is more effective than guidance from agencies, as it is harder to amend or undo once passed. She has expressed her frustration over the delay and its impact on the industry's push for regulation.

Bos also highlighted the importance of getting established financial players involved in the discussion and engagement around regulatory clarity. This would make it more difficult to undo any guidance provided, according to her.