• Dusty Johnson stated that the House could consider a Senate-passed bill within two weeks but advised the industry not to rely on the lame-duck session afterward.

• He highlighted the DeFi provisions as a main obstacle between the House and Senate, expressing concern over the Senate’s prescriptive regulatory language.

• He drew a parallel to the 1996 Telecommunications Act, suggesting that lighter regulations could benefit crypto.

Outgoing House Agriculture Subcommittee Chairman Dusty Johnson (R-S.D.) warned on Wednesday that the window for passing the CLARITY Act is closing and said failure to move the bill before the August recess could shelve crypto market structure legislation “for far too long.”

Speaking on the Crypto in…