Cryptoslate predicted that the Cryptocurrency Market Structure Act (CLARITY), currently under discussion in the U.S. Congress, could be delayed due to a lack of consensus and conflict over housing bills. Senator Tim Scott, Chairman of the Senate Banking Committee, is reportedly trying to secure the support of all 13 Republican members, but John Kennedy and others are withholding their support for the Market Structure Act due to delays in their own housing-related bill, 'Build Now'. In addition to the stablecoin interest provisions within the bill, the developer protection provisions also lack sufficient agreement. This is due to concerns from law enforcement agencies that broadly expanding immunity clauses for cryptocurrency developers could create loopholes in enforcement. Galaxy Digital (GLXY) predicts that if the Market Structure Act's vote (markup) within the Banking Committee extends beyond May, the likelihood of its processing will significantly decrease, coinciding with the U.S. midterm election schedule.
