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), crypto market maker Wintermute policy head Ron Hammond said the probability of the U.S. crypto market structure bill, the “Clarity Act,” passing this year is about 30%. Although there are signs of progress in Washington, the legislative process is still held back by multiple factors. Hammond noted that the bill is intended to clarify the division of responsibilities between the SEC and the CFTC in the regulation of digital assets, but current negotiation progress is uneven and the timeline has been pushed back multiple times. Market surveys show there are still significant disagreements about whether the bill will pass. The main resistance comes from traditional banking institutions, especially disagreements over whether stablecoins should be allowed to offer yields, and related compromise proposals have been blocked repeatedly. In addition, division within the Democratic Party, issues related to DeFi compliance and anti-money laundering issues, as well as potential political factors, all add uncertainty to the legislation. Even so, Hammond believes there is still room to advance the bill, but whether it can be enacted within the year depends on whether key disagreements can be resolved. (Source: PANews)