Will Crypto Market Structure Laws Stall Until 2027?
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Despite momentum, the path forward for the CLARITY Act remains uncertain. Some Democratic lawmakers are pushing for stronger conflict-of-interest rules, while analysts warn that the 2026 U.S. midterm elections could slow progress. Research from TD Cowen suggests the bill may not pass until 2027, with full implementation potentially delayed to 2029.
Still, Senate Banking Committee Chair Tim Scott has expressed confidence that lawmakers can act sooner. As banking interests, DeFi advocates, and regulators clash, the outcome may define how innovation and incumbency coexist in the next phase of U.S. crypto regulation.