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 stated that the probability of the U.S. Market Structure Bill “Clarity Act” passing this year is about 30%. Although there are signs of progress in Washington, the legislative process is still 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 show that significant disagreements remain 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)