Paradigm exec says US crypto bill implementation could take years

Justin Slaughter, VP of Regulatory Affairs at crypto investment firm Paradigm, predicted on X that even if the U.S. crypto market structure bill (CLARITY Act) is passed, its actual implementation could take several years. He noted that the bill would require the creation of at least 45 new rules and that the details would be highly complex to coordinate, especially considering the involvement of the Commodity Futures Trading Commission (CFTC). Slaughter emphasized that even if the bill passes in the near future, it would likely be implemented under the next administration. Citing historical precedent for major legislation, he stated that implementation has previously taken a minimum of three years and as long as eight.