Clarity Act Unlikely to Pass in 2026, Grayscale Warns of Regulatory Gap

Grayscale's head of research, Jack Pandl, has expressed doubts about the passage of the Clarity Act in 2026. Despite its importance to the digital-asset industry, the bill was not brought to a vote in August and is unlikely to pass this year due to the Senate's schedule and midterm elections.

Pandl believes that even without the Clarity Act, growth in major blockchains, demand for Bitcoin (BTC), and the stablecoin payments market will continue. However, he warns that the absence of regulation could lead to a regulatory gap in the US digital-asset market, hindering new investment and capital formation.

The Clarity Act aims to create a comprehensive supervisory framework for the US digital-asset market, which would provide a more favorable business environment compared to other jurisdictions. Without it, companies might shift overseas, leading to a loss of jobs and revenue in the US.