CLARITY Act Unlikely to Pass This Year, but Grayscale’s Pandl Sees Little Immediate Bitcoin Impact

Grayscale Head of Research Zach Pandl said the CLARITY Act is unlikely to pass this year, citing constraints in the Senate calendar and election-year politics.

Pandl said a failure to enact the legislation would have little immediate effect on Bitcoin, major blockchains or the expansion of stablecoin payments.

The SEC and other regulators are expected to continue addressing gaps through rulemaking, particularly in areas involving tokenized securities, he said. 

Pandl warned, however, that without a comprehensive U.S. market structure framework, a larger share of new investment and developer activity could move overseas.

Source: Grayscale