TD Cowen: The likelihood of the Clarity Act passing this year has decreased due to the deteriorating political environment in the United States.

CoinFeed reported on May 27 that, according to The Block, TD Cowen stated that the likelihood of the CLARITY bill passing this year is decreasing as the US political environment continues to deteriorate. Jaret Seiberg, managing director of TD Cowen's Washington research group, pointed out that recent developments involving President Trump have made it more difficult for Democrats to support the bill unless it includes conflict-of-interest clauses.