Former U.S. SEC official Anne Kelly said the Securities and Exchange Commission already has authority to begin digital-asset rulemaking before the CLARITY Act becomes law and could later revise proposals through a supplemental notice if Congress enacts the bill. But the measure's near-term prospects have weakened, with Polymarket traders pricing it at about a 20% chance of becoming law by year-end, down from an 82% peak on February 19. Supporters including 1inch say the bill would clarify how digital assets are split between SEC and Commodity Futures Trading Commission oversight and could help define the treatment of non-custodial DeFi protocols, software developers and self-custody wallets. Critics, including law-enforcement voices and Citibank's CEO, warn the current bill could promote financial crime or leave gaps in anti-money laundering, sanctions compliance and other safeguards, while saying efforts to improve the legislation are continuing. Senate Majority Leader Thune has scheduled a Sept. 15 vote, but unresolved bipartisan ethics language remains a key obstacle.