For Labs, progress made on the U.S. Senate's Digital Asset Market Structure Bill, known as the CLARITY Act, does not guarantee its smooth passage. In his speech at the Consensus Digital Currency Conference in Miami, Garlinghouse emphasized that the next two weeks could be decisive, as the fate of the bill depends on how lawmakers handle the dynamics of the election year and the priorities of their campaigns for the 2026 midterm elections.

Unlike traditional Bitcoin futures contracts, which follow a wave-like trend, the new contracts will focus on the expected volatility range of Bitcoin's price. This allows traders to hedge or speculate on the volatility itself rather than the market direction.