
Ron Hammond, Wintermute's policy head, estimates the Crypto Clarity Act has approximately 30% chance of passing this year. The bill aims to establish regulatory rules for digital assets in the U.S., defining SEC and CFTC oversight. Traditional financial institutions, particularly banks opposing stablecoin yields, remain the primary obstacle. A recent yield compromise proposal failed to satisfy both sides. Lawmakers target committee votes by April 20, though timelines remain uncertain.