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Managing Partner of SkyBridge Capital, Anthony Scaramucci, expressed that the CLARITY bill concerning the structure of the cryptocurrency market is unlikely to be approved, as the necessary votes in the U.S. Senate may not be attainable.
He indicated that a significant hurdle remains the requirement to secure support from at least 60 senators. Although the bill received backing in the House of Representatives with bipartisan support in 2025, its advancement in the upper chamber of Congress has effectively stalled.
One reason Scaramucci cited was the launch of the TRUMP meme coin associated with Donald Trump. He believes that the profits generated from this project have led to dissatisfaction among Democrats, thereby diminishing the level of support for the initiative.
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He also suggested that the foreign policy rhetoric from the White House is creating additional pressure, complicating negotiations both with allies and within Congress. Specifically, he referenced comments regarding a potential occupation of Greenland.
Furthermore, the investor noted that U.S. military activities in Iran and an increase in defense spending are diverting attention from economic issues, including cryptocurrency market regulation.
Scaramucci cautioned that if the CLARITY bill is not passed before the midterm elections in November, the process could extend for years. He stated that the lack of clear regulations is already impacting the market: projects like Solana, Avalanche, and TON remain in a state of uncertainty.
In his view, this uncertainty is hindering their growth and reducing interest from capital. Overall, he attributed the current weakness in the digital asset market to regulatory ambiguity: companies in the sector are under pressure and showing signs of a prolonged downward trend.
Previously, Republican Senator Bernie Moreno stated that the CLARITY bill could be passed within the coming months.
