TechFlow News, April 11: According to a CoinDesk report, Ron Hammond, Policy Head at crypto market maker Wintermute, stated that the U.S. Crypto Market Structure Act—commonly known as the “Clarity Act”—continues to face multiple hurdles in its legislative process, with only a roughly 30% chance of passage this year. The bill aims to clarify the respective regulatory responsibilities of the SEC and the CFTC over digital assets. However, negotiations have progressed unevenly, with the timeline repeatedly delayed. Key resistance stems from traditional banking institutions, particularly over the contentious issue of whether stablecoins should be permitted to generate yield—a point on which consensus remains elusive. Multiple proposed compromises on this matter have stalled. Additionally, internal divisions among Democrats, along with unresolved questions surrounding DeFi compliance and anti-money laundering (AML) requirements, further contribute to legislative uncertainty. That said, Hammond believes the bill still retains room for advancement; whether it can be enacted this year ultimately hinges on whether critical disagreements can be resolved.
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