Svmuureports that GSR Chief Legal Officer Joshua Riezman stated in an interview that the probability of the Clarity Act being submitted to the President for signature within this congressional session is below 50%. This assessment contradicts the prediction by Coinbase Chief Legal Officer Paul Grewal that the bill would pass this summer.
Riezman noted that the congressional dispute over stablecoin yields and ethical concerns involving the President's family are the main obstacles. Additionally, he predicted that the stablecoin market size will ultimately reach between $1 trillion and $3 trillion, and that most companies listed on the S&P 500, Nasdaq, and NYSE will achieve tokenization within the coming years.