TD Cowen Sees 25% Chance of Clarity Act Passing by Year-End

TD Cowen has estimated a 25% chance that the Clarity Act will be passed by year-end. According to Decrypt, TD Cowen noted that the stablecoin yield provision is 'useful,' but questioned whether moderate Democratic lawmakers would accept the amended regulations. The revised provisions still include potential allowances for former President Donald Trump to invest in cryptocurrency through a trust.