GRAYSCALE BACKS CLARITY ACT AS SENATE CLOCK TICKS DOWN With less than two weeks before the August recess, $Grayscale’s head of research Zach Pandl says the bill is the key to unlocking institutional $investment at scale. Pension funds and asset managers won’t meaningfully allocate until the regulatory framework is settled. The bill would draw a definitive line: digital commodities under $CFTC oversight, investment contracts under the $SEC. It also includes KYC/AML requirements and protections for non-custodial software developers. But the clock is running out. Ethics provisions particularly around President Trump‘s $crypto dealings - remain the sticking point. Senate Majority Leader John Thune has ruled out a vote before recess, and Polymarket odds have dropped to just 37%.