Paradigm’s head of government affairs pushed back on claims that the Clarity Act is all but doomed, saying that view is not credible. According to the post, much of the pessimism is coming either from anonymous staffers who were not involved in the core negotiations and are trying to shape public opinion, or from lawmakers using media comments to pressure the White House and Senate leadership into meeting their demands.
The Paradigm executive also said major banks plan to spend heavily next week on lobbying and advertising tied to the bill. In that account, such spending would make little sense if the legislation were already certain to fail. The timing remains tight: the Senate returns on Monday, while the House is set to recess five days later on Friday. Even so, the post argued that the bill is far from dead and said people declaring that it has no path forward are either chasing attention or trying to create a narrative that the legislation has already failed.
ChainCatcher reported that Paradigm’s head of government affairs said claims that the Clarity Act is nearly impossible to pass are not reliable.
In the post, the executive said much of the pessimistic commentary is coming from anonymous staffers who were not involved in the core negotiations and are trying to steer public opinion. Another part, the post said, comes from lawmakers speaking through the media to pressure the White House and Senate leadership to meet their demands.
The same post said major banks plan to spend heavily next week on lobbying and advertising. If the bill were destined to fail, banks would not be committing that level of resources, according to the statement.
The timeline is tight. The Senate returns on Monday, and the House is set to recess five days later on Friday. Even so, the post said the bill is far from dead.
It added that people declaring the bill has no chance are either seeking attention or trying to create a settled narrative that the legislation has failed.
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