Cryptocurrency Market Structure Act, 69% Chance of Passing..."Entry into the Red Zone Complete"

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The possibility of the U.S. Cryptocurrency Market Structure Act (CLARITY Act) passing has exceeded 60%. It once surged to 69%, spreading optimism throughout the market. As the Senate enters a critical phase, market participants are focusing on the potential for legislative progress. Expectations for resolving regulatory uncertainty are growing.

On May 3 (local time), the cryptocurrency specialized media outlet CoinGape explained that this bill is the basis for restoring market confidence. Data from the prediction market platform Polymarket shows a sharp rise in the bill's passage probability. Investors evaluate this as a significant breakthrough that will end a long-standing deadlock.

Senate Banking Committee Chairman Tim Scott announced that the bill has entered the 'red zone' of the legislative process. This means the bill has reached its final stage for Senate approval. Lawmakers are expected to begin the committee amendment voting process in May 2026. Chairman Scott is focusing on securing the support of Republican lawmakers.

Negotiations are accelerating as disagreements surrounding the stablecoin yield provision have been resolved. Key issues that previously hindered negotiations have been removed. The new regulatory framework complements the shortcomings of the GENIUS stablecoin regulation act. The bill, which passed the House with bipartisan support, now awaits the Senate's final decision.

The passage of the bill also affects the price of XRP. Pro-XRP lawyer Bill Morgan analyzed that the failure of the bill to pass would exert downward pressure on the overall cryptocurrency market. This is because the XRP price moves in conjunction with the overall market trend. Once a regulatory framework is established, market confidence will increase, serving to support prices.

The establishment of a regulatory framework will be a watershed moment for ecosystem growth. The approval of the bill is a factor supporting the restoration of market confidence and price increases. Failure of approval could lead to increased volatility and a downtrend in prices. Investors are closely watching Congress's final decision and the market's immediate reaction.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*