Chainlink legal chief warns of CLARITY Act setback

Chainlink Labs Head of Legal KK Kirkbos says the House canceling its final two weeks of September is a major setback for the CLARITY Act, the market-structure bill pending before the Senate.

• Kirkbos called the outlook "not looking great, which is obviously very frustrating for the industry."
• The comments deepen uncertainty around the bill's path to a vote, which SEC Chair Paul Atkins previously expected as soon as September 15.