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, April 11 (UTC+8). Ron Hammond, Head of Policy at crypto market maker Wintermute, said that the probability of the U.S. crypto market structure bill, the “Clarity Act,” passing this year is about 30%. Although there are signs of some progress in Washington, the legislative process is still held back by multiple factors. Hammond noted that the bill is intended to clarify how responsibilities are divided between the SEC and the CFTC in the regulation of digital assets, but current negotiation progress is uneven, and the timeline has been postponed multiple times. Market research shows that there remains significant disagreement about whether the bill will pass as expected. The main resistance comes from traditional banking institutions, with a particularly serious dispute over whether stablecoins should provide returns. Related compromise proposals have been blocked repeatedly. In addition, internal divisions within the Democratic Party, issues such as DeFi compliance and anti-money laundering, and potential political factors also add uncertainty to the legislation. Even so, Hammond believes there is still room for the bill to advance, but whether it can be implemented within the year depends on whether key disagreements can be resolved. (Source: PANews)