GSR exec: CLARITY Act has under 50% chance of passing this session

Joshua Riezman, chief legal and strategy officer at crypto market-making firm GSR, said the chances of the CLARITY Act being sent to the president during the current congressional session are less than 50%. According to The Block, Riezman stated that while the probability is below 50%, it is not zero. He explained that the issue extends beyond stablecoin interest, noting that both political parties have questions about President Donald Trump and his family's involvement in the cryptocurrency industry. This introduces additional complexity, particularly regarding whether the issue will be addressed within the bill itself. Riezman emphasized that if the bill does not pass this session, its passage is likely to be significantly delayed.