Wintermute Policy Director: Negotiations are repeatedly stalled, disagreements are intensifying, and the likelihood of the Clarity Act passing within the year is only 30%

ME News report. On April 11 (UTC+8), Ron Hammond, policy head at Wintermute (a crypto market maker), said the probability of the U.S. crypto market structure bill, the “Clarity Act,” being passed this year is about 30%. Despite signs of some progress in Washington, the legislative process remains constrained by multiple factors. Hammond noted that the bill is intended to clarify how responsibilities are divided between the SEC and the CFTC in digital asset regulation, but negotiations are currently uneven, and the timetable has been delayed multiple times. Market surveys show that there are still significant disagreements about whether the bill will pass.

The main resistance comes from traditional banking institutions, especially disagreements over whether stablecoins should be allowed to provide yields; related compromise proposals have repeatedly been blocked. In addition, internal divisions within the Democratic Party, issues such as DeFi compliance and anti-money laundering, and potential political factors also add uncertainty to the legislation. Even so, Hammond believes there is still room for the bill to move forward, but whether it can be implemented within the year depends on whether key disagreements can be resolved. (Source: PANews)