#CLARITYActSenateVoteDelayedPastRecess Grayscale: CLARITY Act Unlikely to Pass This Year, but Crypto Can Still Move Forward
Grayscale Head of Research Zach Pandl said the chances of the CLARITY Act passing this year now appear low due to the Senate calendar and election-year politics. He argued that failure to pass the bill would not immediately affect Bitcoin, major blockchains or the growth of stablecoin payments, while the SEC and other regulators are expected to continue filling regulatory gaps through rulemaking, particularly around tokenized securities. However, without a comprehensive U.S. market structure framework, a greater share of new investment and developer activity could shift overseas.$REZ
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Grayscale Head of Research Zach Pandl said the chances of the CLARITY Act passing this year now appear low due to the Senate calendar and election-year politics. He argued that failure to pass the bill would not immediately affect Bitcoin, major blockchains or the growth of stablecoin payments, while the SEC and other regulators are expected to continue filling regulatory gaps through rulemaking, particularly around tokenized securities. However, without a comprehensive U.S. market structure framework, a greater share of new investment and developer activity could shift overseas.$REZ
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