Crypto Market Structure Bill Faces Uncertain Future in Senate

TD Cowen Managing Director Jaret Seiberg has assessed the likelihood of the Clarity Act, a crypto market structure bill, advancing in the Senate and passing the House this year at one-third. According to NS3.AI, Seiberg noted that the bill is currently stalled in the Senate. He also mentioned that a recent stablecoin yield compromise proposed by Senators Thom Tillis and Angela Alsobrooks is not enough to resolve the deadlock.