CLARITY Act Faces Crucial Vote as Passage Prospects Dim

The CLARITY Act, which aims to establish a permanent market structure framework for U.S. crypto policy, faces its next test on September 15.

Grayscale's Head of Research, Zach Pandl, has expressed doubts about the bill's chances of passing this year due to the Senate calendar and election-year politics.

Pandl noted that the absence of federal legislation could lead to a greater share of new investment occurring overseas, where clearer token issuance rules and stronger developer protections are in place.