NYDIG: The CLARITY Act will reach a critical window in August, missing it or delaying until after the midterm elections

Golden Finance reports that Greg Cipolaro, head of research at NYDIG, said that the most realistic window for the U.S. Senate to pass the U.S. Senate’s Crypto Market Structure Act is from June to the start of August. If it cannot be advanced during this period, it may face uncertainty after the midterm elections—even for longer. Previously, White House crypto adviser Patrick Witt suggested July 4 as an ideal legislative timing, but NYDIG believes this goal is more of an “optimistic expectation,” as it would need to clear multiple hurdles, including committee review, votes in the full chamber, and the House process. Analysis indicates that if the bill fails to pass before the election cycle, potential changes in Senate control between Republicans and Democrats could further reduce legislative certainty, keeping the industry in a state of “regulatory ambiguity.” However, once the bill is ultimately passed and signed into law, it will bring regulatory clarity to the market—especially as Bitcoin is expected to be clearly classified as a commodity—thereby reducing uncertainty for institutional participation.