Will the Virtual Asset Legalization Bill Be Signed by President Trump This Year?

▲ Donald Trump, Bitcoin (BTC), Cryptocurrency Regulation / ChatGPT-generated image ©

Market expectations are once again heating up that a key bill to legalize the U.S. virtual asset industry will reach President Donald Trump's desk within this year. With the midterm elections approaching in November, the swift movements of the political sphere to secure virtual asset votes, coupled with the full support of high-ranking government officials, have pushed the likelihood of its enactment this year well over fifty percent.

According to the cryptocurrency specialized media outlet Finbold on April 9 (local time), based on data from the blockchain-based prediction market Polymarket, the probability of the U.S. cryptocurrency market structure bill, the CLARITY Act, passing the Senate and taking effect this year recorded 61%. Over the past 24 hours, the likelihood of its enactment within the year surged by 10.91%, reflecting strong conviction among traders. Since the beginning of the year, the bill's passage probability has fluctuated between a high of 82% and a low of 39%, drawing market attention.

Virtual asset investors are highly optimistic about the CLARITY Act's passage this year, with a 61% probability, thanks to the current administration's friendly regulatory stance, which was not seen in previous federal governments. In particular, U.S. financial regulatory authorities, led by Treasury Secretary Scott Bessent, have strongly urged the Senate to quickly process the bill, following the House's lead.

Secretary Bessent emphasized that Congress has spent years developing a framework to bring the future of finance to the U.S., and now it is time for the Senate Banking Committee to step up and promptly send the CLARITY Act to President Donald Trump. He stressed that the Senate's time is extremely valuable, making now the opportune moment to act.

Secretary Bessent's firm stance is receiving full support from key figures within the government. David Sacks, White House AI and Cryptocurrency Czar; Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC); Mike Selig, Chairman of the Commodity Futures Trading Commission (CFTC); and Senator Cynthia Lummis, a virtual asset advocate, are all vocally supporting the bill's passage.

Above all, the upcoming midterm elections in November 2026 are acting as the most powerful political catalyst to accelerate the bill's enactment. The current administration is staking its survival on the passage of the CLARITY Act to rally support from virtual asset-friendly voters. Furthermore, the full implementation of the GENIUS Stablecoin Regulation Act, which focuses on stablecoin legalization, also heavily depends on the prior processing of the CLARITY Act, further reinforcing the market's positive outlook that it will cross major hurdles before December 31 this year.

*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.*