Passage odds for crypto bill to drop sharply after mid-May

Alex Thorn, head of research at Galaxy Digital, has assessed that if the markup for the crypto market structure bill known as CLARITY is delayed past mid-May, its chances of being enacted this year will drop sharply. He added that the probability of the bill passing this year is around 50% or lower, warning that if the legislation is delayed before the midterm elections, it could languish for years.