After a period of delay, the CLARITY bill structuring the crypto market of America has made progress. According to Bloomberg, lawmakers expect to pass the bill in the Senate Committee before November and finalize it this year. Senate Agriculture Committee Chairman John Boozman stated that the committee's part will be completed “very soon,” while a spokesperson for Senator Tim Scott confirmed that bipartisan negotiations have resumed.
Previously, the process was stalled due to the controversial DeFi management proposal from the Democrats, causing the Republicans to pause cooperation. Both sides only returned to the negotiating table after industry leaders in the crypto market stepped in to mediate.
According to Polymarket, the likelihood of the CLARITY bill being passed this year has increased from 15% to 35%, although it may still be delayed until early 2026 due to the impact of the midterm elections.
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