Crypto Clarity bill has 30% chance of passing this year, Wintermute’s Hammond says

Ron Hammond, head of policy at crypto market maker Wintermute, estimates the Crypto Clarity Act has a 30% chance of passing this year, despite signs of progress. The bill aims to establish clear regulations for crypto market structure in the U.S., defining oversight by the SEC and CFTC. Hammond's assessment aligns with market signals, though legislative timelines remain fluid. Passage of the Clarity Act is considered crucial for institutional adoption, as it would clarify rules on digital assets, reducing ambiguity and legal risks for large financial institutions. Key obstacles include opposition from traditional financial institutions, particularly regarding stablecoin yields, and political complexities for Democrats who have received crypto industry funding. Despite these hurdles, Hammond believes a narrow path forward exists, contingent on breakthroughs in negotiations and committee progress.

(Source：CoinDesk)