Ron Hammond, Wintermute's Head of Policy, estimated the likelihood of the Crypto-Asset Market Structure Bill (CLARITY) passing this year at approximately 30%. According to CoinDesk, he stated, "Legislation is underway, but there is significant uncertainty," pointing to political variables and potential schedule delays. He emphasized, "Opposition from the banking sector regarding whether to allow interest on stablecoins is considered the biggest obstacle. Congress is pushing for a quick vote, but negotiations are difficult, making the schedule fluid. This bill is considered a key factor in expanding institutional investment by clarifying regulatory frameworks, such as the distinction between securities and commodities."
