Scaramucci warns Clarity Act won't clear the Senate until 2029 — and the institutional freeze is already the story!

Anthony Scaramucci, founder of SkyBridge Capital, told the Solana Policy Summit that the Clarity Act may not pass the Senate until 2029, citing bank lobbying, political gridlock, and a specific dynamic where opposition to the President has hardened into opposition to any bill he could claim as a legislative win. "I don't see anybody that is against the President that's going to allow him to have a win in cryptocurrency policy right now," he said.

The structural consequence is already visible in institutional allocation behaviour. Without the Clarity Act establishing jurisdictional lines between the SEC and CFTC, layer-1 tokens — Solana, Avalanche, TON — remain in legal classification limbo. Fiduciaries operating under ERISA mandates cannot benchmark to an unregulated asset class without triggering liability exposure, which means those tokens stay off approved-asset lists at most major…