Clarity Act Sees Improved Chances Amid Republican Concessions
The Clarity Act, which aims to establish federal rules for digital assets and clarify the responsibilities of regulatory bodies, may have a better chance of passing than crypto markets expect.
Analysts at Bernstein say that any positive surprise from Congress's progress on the bill is 'definitely not priced in'.
The latest draft of the bill has incorporated 126 changes requested by Democrats, including a role for state attorneys general in enforcing ethics restrictions. President Donald Trump has agreed to the revised restrictions.
Despite this, some analysts remain skeptical about the bill's chances of passage. TD Cowen analyst Jaret Seiberg maintained a 25% probability of enactment this year, while Beacon Policy Advisors raised its estimate to 30%-40% from below 10% to 30%-40%.