BlockBeats News, August 9th. Grayscale's Head of Research, Zach Pandl, stated in a post that due to the Senate schedule and election-year politics, the likelihood of the CLARITY Act passing this year has decreased.

Pandl believes that the failure of the bill to pass will not immediately affect the development of Bitcoin, major blockchains, and stablecoin payments. Regulatory agencies such as the SEC are still expected to fill regulatory gaps through subsequent rules, especially in the tokenized securities field. However, the lack of a comprehensive market structure regulatory framework may lead to more new investment and development activities shifting overseas.