CLARITY Act Unlikely This Year, Grayscale’s Pandl Warns
A major piece of crypto market structure legislation is losing altitude fast.
Grayscale Head of Research Zach Pandl told investors that the CLARITY Act now has a low probability of passage this year, pinned down by a crowded Senate calendar and the tightening grip of election-year politics.
His downbeat assessment, shared via the original report, does not assume a straightforward disaster for digital assets. Instead, it draws a more complex map: while Bitcoin, major layer-1s, and stablecoin payments can keep growing without the bill, the absence of a unified U.S.
framework opens a door that competitors abroad are already watching.
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