CLARITY Act Unlikely to Pass if Crypto Bill Stalls Until Summer, Pro-XRP Lawyer Warns
The post CLARITY Act Unlikely to Pass if Crypto Bill Stalls Until Summer, Pro-XRP Lawyer Warns appeared on BitcoinEthereumNews.com.
Pro-XRP lawyer John Deaton has predicted that the CLARITY Act is unlikely to pass again this year if the crypto bill’s progress stalls until the Summer. He noted how the Senate is likely to turn its attention to the midterm elections in November, with Democrats currently projected to take both the Senate and House. John Deaton Warns About CLARITY Act Delay In an interview on the Paul Barron network, the pro-XRP lawyer said that the crypto bill’s passage is unlikely if it drags into the summer months. This came as he highlighted the importance of advancing the bill right now, even as the U.S.-Iran war threatens to stall the legislative process. Deaton explained that attention is likely to shift to the midterms in the summer months, which makes it unlikely that the CLARITY Act will pass this year. He also warned that the crypto bill is at risk of not passing after the midterms, especially if both the Senate and House flip and Democrats gain control of Congress. The lawyer further cited how anti-crypto Senator Elizabeth Warren will become the Chairperson of the Senate Banking Committee if Democrats regain control of the Senate. As such, this will make it harder for the crypto bill to even advance out of the committee stage. Interestingly, Deaton could be pivotal in determining the CLARITY Act’s future as he is currently running for the U.S. Senate as a Republican. At the moment, there is currently a 53% chance that the Democrats will sweep the midterm elections, according to Polymarket data. Source: Polymarket The crypto bill’s markup is expected to hold this month after the Senate returns from its recess. The clash between the banks and the crypto industry over the stablecoin yield remains the major roadblock to the bill’s progress. However, Coinbase CLO Paul…
Filed under: News - @ April 4, 2026 6:11 pm