Miller Whitehouse-Levine of the Solana Policy Institute assessed the Clarity Act's chances of passage before the 2026 midterms at roughly 10%, citing congressional inertia, the August recess, and competing legislative priorities. He urged regulators to act administratively given the legislative vacuum, but acknowledged that agency action without statutory backing carries legal vulnerability.
For Armada's crypto desk, this assessment is a compliance planning input. SOL, which is central to the Clarity Act's CFTC-vs-SEC jurisdictional debate, remains without definitive classification. Armada's collateral policy for SOL should be documented with explicit reference to current guidance, not anticipated legislation, and haircut levels should reflect jurisdictional risk until a statutory or binding regulatory determination is made.