Wintermute Policy Director: Negotiations are repeatedly stalled, disagreements are intensifying, and the likelihood of the Clarity Act passing within the year is only 30%

ME News Report, April 11 (UTC+8), Ron Hammond, Head of Policy at crypto market maker Wintermute, stated that there is about a 30% chance that the U.S. Market Structure Bill for cryptocurrencies, the “Clarity Act,” will pass this year. Although there are signs of progress in Washington, the legislative process remains hindered by multiple factors. Hammond pointed out that the bill aims to clarify the responsibilities of the SEC and CFTC in digital asset regulation, but current negotiations are uneven, and the timetable has been delayed multiple times. Market surveys indicate that significant disagreements still exist over the bill’s passage. The main resistance comes from traditional banking institutions, especially regarding whether stablecoins should offer yields, with related compromise proposals repeatedly blocked. Additionally, internal divisions within the Democratic Party, issues related to DeFi compliance and anti-money laundering, as well as potential political factors, add uncertainty to the legislation. Nevertheless, Hammond believes there is still room for progress, but whether it can be enacted within the year depends on whether key disagreements can be resolved. (Source: PANews)