Virtual Asset Legalization Bill, Will President Trump Sign It This Year?

▲ Donald Trump, Bitcoin (BTC), Cryptocurrency Regulation / ChatGPT Generated Image ©

Market expectations are once again heating up that a key bill to legalize the U.S. virtual asset industry will reach President Donald Trump's desk this year. With the upcoming midterm elections in November, the swift movement of political circles to secure virtual asset votes and the full support of high-ranking government officials have combined, pushing the possibility of its enactment this year well over 50%.

According to Finbold, a cryptocurrency specialized media outlet, on April 9 (local time), the probability of the U.S. cryptocurrency market structure bill, the CLARITY Act, passing the Senate and taking effect this year recorded 61%, based on Polymarket data, a blockchain-based prediction market. Over the past 24 hours, the likelihood of its enactment this year surged by 10.91%, reflecting strong conviction among traders. Since the beginning of the year, the bill's passage probability has fluctuated between a high of 82% and a low of 39%, drawing market attention.

The reason virtual asset investors are predicting a high 61% chance of the CLARITY Act passing this year is due to the current administration's friendly regulatory stance, which was not seen in previous federal governments. In particular, the U.S. financial regulatory authorities, led by Treasury Secretary Scott Bessent, have strongly urged the Senate to swiftly process the bill, mirroring the House's progress.

Secretary Bessent emphasized that Congress has spent years developing a framework to bring the future of finance to the United States, and now is the time for the Senate Banking Committee to act and promptly send the CLARITY Act to President Donald Trump. He stressed that with the Senate's time being extremely valuable, now is the opportune moment for action.

Secretary Bessent's firm stance is receiving full support from key figures within the government. David Sacks, White House AI and Crypto Tsar, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), Mike Selig, Chairman of the Commodity Futures Trading Commission, and Senator Cynthia Lummis, a virtual asset advocate, are all vocally supporting the bill's passage.

Above all, the upcoming November 2026 midterm elections are acting as the most powerful political catalyst to accelerate the bill's enactment. The current administration is staking its all on the passage of the CLARITY Act to rally support from voters favorable to virtual assets. Furthermore, the full implementation of the GENIUS Stablecoin Regulation Act, which focuses on stablecoin legalization, also heavily relies on the prior processing of the CLARITY Act, further reinforcing the market's positive outlook that it will pass key hurdles before December 31 this year.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*