 ▲ Cryptocurrency Regulation |
Expectations are surging in the market amid 전망 that landmark legislation determining the fate of the U.S. digital asset industry will pass as early as July, backed by full-scale intervention from the White House and decisive political action.
According to crypto-focused outlet CoinGape on March 7 (local time), Kristin Smith, President of the Solana Policy Institute, stated in a recent interview that the U.S. cryptocurrency market structure bill (CLARITY) could clear Congress as early as July. Smith noted that passing standalone legislation in an election year is typically very difficult, but the atmosphere shifted completely as the White House directly engaged in negotiations. Key figures such as Presidential Advisor David Sacks are reportedly accelerating the legislative process by mediating differences among stakeholders.
A decisive turning point for the bill has been the changing stance of the traditional financial sector and strong pressure from the White House. President Donald Trump recently urged concessions from the banking sector through his social media account, firmly expressing his determination to finalize virtual asset-related legislation within the year. As a result, traditional financial institutions that had previously been passive have, for the first time, joined the negotiation table to review specific compromise proposals. The White House’s proactive stance reflects not only a push for regulatory clarity but also a strategic vision to position the United States as the global hub for digital assets.
The easing of internal divisions within the crypto industry is another key factor boosting the bill’s prospects. Coinbase CEO Brian Armstrong withdrew his support for the draft in January, arguing that it overly favored traditional banks, but has recently revisited the White House to renegotiate disputed issues. Armstrong’s return signals growing unity within the industry and strengthens the pro-bill faction in Congress. The industry is concentrating its efforts on July, before the August recess, as the decisive window for passage.
Ripple CEO Brad Garlinghouse has offered an even more aggressive outlook than Smith, further fueling market enthusiasm. Garlinghouse claimed there is a 90% chance the bill will pass by the end of April, signaling that regulatory clarity is imminent. Although opposition remains from critics such as Senator Elizabeth Warren, growing support from key Democratic figures, including Senate Majority Leader Chuck Schumer, indicates that the necessary quorum for passage is within reach.
If the U.S. cryptocurrency market structure bill passes, the ambiguous boundary between digital assets and securities is expected to be eliminated, paving the way for large-scale institutional capital inflows. With the stablecoin regulation bill GENIUS already enacted, confirmation of this legislation would solidify the United States’ position as a true global digital asset hub. Market participants are closely watching for the anticipated surge in liquidity and the potential price revaluation of major assets such as Bitcoin (BTC) and XRP following the bill’s passage.
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