CLARITY Market Structure Bill Faces Uncertain Future, Says Galaxy Digital's Alex Thorn

Galaxy Digital's Alex Thorn has expressed skepticism regarding the passage of the CLARITY market structure bill this year. According to NS3.AI, Thorn estimates the likelihood of the bill passing at 50% or less. He noted that if the markup is delayed beyond mid-May, the chances of the bill's approval would significantly decrease. Furthermore, a postponement before the midterm elections could result in the bill being stalled for an extended period.