CLARITY Act Faces 75% Risk of Failure This September

Crypto market structure legislation might be in serious trouble. Financial services firm TD Cowen recently lowered the chances of the CLARITY Act becoming law this fall to just 25 percent. This leaves a high 75 percent probability that the bill will fail.

According to the firm, three different scenarios could stop the bill from reaching a final passage vote in the Senate. Lawmakers face a crucial test on September 15, which could decide the future of these regulatory efforts.

Traders and industry participants should watch the upcoming Senate timeline closely. A failure to pass this legislation could delay clear regulatory guidelines for the digital asset industry for the foreseeable future.