"Signed before July 4"...Trump's Cryptocurrency Big Bang Countdown

▲ Cryptocurrency regulation, cryptocurrency law, US Securities and Exchange Commission/AI generated image ©

The US cryptocurrency market structure bill (CLARITY) is expected to reach the White House by the end of June and could be signed by US President Donald Trump before July 4.

CoinGape reported on May 6 (local time) that Republican Senator Bernie Moreno presented a timeline for processing the US cryptocurrency market structure bill. Senator Moreno stated that significant progress is being made in cryptocurrency regulation thanks to President Trump, and that the US cryptocurrency market structure bill will be reviewed in the Senate next week after the GENIUS Act passes.

Senator Moreno also acknowledged the complexity of the procedures surrounding the bill. He explained that multiple committees have jurisdiction and that these need to be consolidated into a single package. However, he predicted that the bill could go to Trump before the end of June and be signed into law before July 4. CoinGape reported that while the Senate review schedule has not yet been officially announced, experts see the possibility of reviews beginning in May.

Expectations for the bill's passage also rose in prediction markets. According to CoinGape, the likelihood of the bill passing once climbed to 69% before stabilizing in the low 60s. This change is attributed to banks and the virtual asset industry finding a compromise on stablecoin yield issues.

Political variables were also cited as factors accelerating the bill's processing. Alex Thorn of Galaxy Digital assessed that now is a critical time for the bill's passage, given the fierce competition for Senate control. He pointed out that the bill's direction could change if the leadership of the Senate Banking Committee changes due to midterm election results.

Senator Tim Scott, Chairman of the Senate Banking Committee, also stated that the bill has entered the 'red zone,' which is interpreted to mean that the committee is close to taking decisive action. CoinGape reported that the US cryptocurrency market structure bill has already passed the House with bipartisan support, and Senate leadership is moving to secure full Republican support ahead of a future vote.

Ultimately, the US cryptocurrency market structure bill stands at a watershed moment, intertwined with Senate review, political timelines, and the agreement on stablecoin yields. If the bill is signed before July 4, as Senator Moreno anticipates, the US virtual asset market can significantly accelerate its institutional integration based on regulatory clarity.

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