Odds of CLARITY crypto legislation passing sink to 27% as Treasury, White House, SEC, and Senate leads quit
Four key crypto policymakers are leaving federal posts before Congress finishes a long-promised digital asset rulebook. Tyler Williams is returning to private sector after serving as Treasury’s top adviser on blockchain and digital asset policy. Harry Jung is leaving the White House Crypto Council, Hester Peirce plans to exit the SEC later this year, and Cynthia Lummis will leave the Senate in 2027. Their departures create a leadership gap just as the CLARITY Act, which would define SEC vs. CFTC jurisdiction and set registration, disclosure, and custody rules for crypto markets, still needs full Senate approval. The House has passed its version, but ethics disputes, banking opposition, and limited floor time threaten progress. The industry already has stablecoin rules under the GENIUS Act, but broader market-structure regulation remains unfinished, leaving exchanges and token issuers to operate under agency guidance and enforcement rather than durable statute.
