"Signed before July 4th"...Trump's crypto big bang countdown

▲ Cryptocurrency regulation, cryptocurrency law, US Securities and Exchange Commission/AI generated image ©

The U.S. cryptocurrency market structure bill (CLARITY) is expected to reach the White House as early as late June and could receive the signature of U.S. President Donald Trump before July 4.

CoinGeape reported on May 6 (local time) that Republican Senator Bernie Moreno presented the schedule for processing the U.S. cryptocurrency market structure bill. Senator Moreno stated that a lot of progress is being made in cryptocurrency regulation thanks to President Trump, and that the U.S. cryptocurrency market structure bill will be deliberated in the Senate next week after the passage of the GENIUS Act.

Senator Moreno also acknowledged that the procedures surrounding the bill are complex. He explained that multiple committees have jurisdiction and need to consolidate it into one coherent package. However, he predicted that the bill could go to Trump before the end of June and be signed into law before July 4. CoinGeape reported that while the Senate deliberation schedule has not yet been officially announced, experts are seeing the possibility of deliberations beginning in May.

Expectations for the bill's passage also rose in prediction markets. According to CoinGeape, the probability of the bill passing once surged to 69% before stabilizing in the early 60s. This change is interpreted as a result of the banking sector and the virtual asset industry finding a compromise on stablecoin yield issues.

Political variables were also identified as factors accelerating the bill's processing. Alex Thorn of Galaxy Digital assessed that now is a critical time for the bill's processing, given the fierce competition for control of the Senate. He pointed out that the direction of the bill could change if the leadership of the Senate Banking Committee changes depending on the results of the midterm elections.

Senate Banking Committee Chairman Tim Scott also stated that the bill has entered the 'red zone.' This is interpreted to mean that the committee is close to decisive action. CoinGeape reported that the U.S. cryptocurrency market structure bill has already passed the House with bipartisan support, and Senate leadership is moving to secure full Republican support ahead of a future vote.

Ultimately, the U.S. cryptocurrency market structure bill stands at a watershed moment, intertwined with Senate deliberation, political timelines, and the agreement on stablecoin yields. If the bill is signed before July 4 as predicted by Senator Moreno, the U.S. virtual asset market could significantly accelerate its institutional integration based on regulatory clarity.

*Disclaimer: This article is for investment reference only and does not take responsibility for investment losses based on it. The content should be interpreted for informational purposes only.*