The Clarity Act was supposed to be the game-changing crypto legislation everyone's been waiting for. Lately though, the tide seems to be turning.

The momentum? Slipping away. Support that once looked solid is quietly pulling back. Even the insiders who've been following this closely are shifting to a more cautious stance. Some are openly wondering if this bill will even make it across the finish line.

So what's actually happening behind the scenes? The picture is messier than the headlines suggest—and worth understanding if you care about where crypto regulation is headed.