The Clarity Act on Cryptocurrency Regulation: A One-in-Three Chance of Passing This Year, Warns TD Cowen

Pessimistic Outlook: In a report dated the 31st, TD Cowen, a U.S. investment bank, estimated a one-in-three chance of the cryptocurrency market structure bill (the Clarity Act) currently under review in the U.S. Senate passing this year. The report expressed an increased pessimism about the prospects for advancing the bill. This was reported by international media outlets including The Block.