Anthony Scaramucci, founder of SkyBridge Capital, warned at the Solana Policy Summit that the Digital Asset Market Clarity Act (CLARITY Act) may not pass the Senate for two to three years due to resistance from the banking lobby and political gridlock.
This highlights significant institutional opposition to crypto legislation in the Senate, where banking interests are powerful. While the CLARITY Act appeared poised to be signed into law after it passed the House in late 2025, Scaramucci’s assessment suggests a much more uncertain future.
He is perhaps making this prediction to adjust expectations within the institutional investment community, who anticipate regulatory clarity as a short-term catalyst, aligning with SkyBridge Capital’s interests as a long-term holder of digital assets.
Scaramucci’s warning comes as the broader crypto market suffered a slight pullback overnight, with BTC USD dropping from $82,400 to its current level of $81,200.
(SOURCE: TradingView)
Legislative Status of the CLARITY Act: Senate Blockage, Bank Objections, and Filibuster Arithmetic
The CLARITY Act was passed by the U.S. House of Representatives in July 2025 with a bipartisan vote of 294-134 during “Crypto Week,” generating optimism for Senate approval.
However, on January 14, 2026, support collapsed in the Senate Banking Committee after key industry groups withdrew their support due to concerns over stablecoin yield provisions and jurisdictional issues between the SEC and CFTC, leaving no planned markup date.
Passage of the bill in the Senate requires 60 votes to overcome a filibuster, a difficult threshold amid competing priorities such as military commitments and diplomatic tensions.
Tillis-Alsobrooks’ plan has been criticized by major banking groups, including the American Bankers Association, for its stable coin yield provisions and lack of safeguards for traditional financial systems.
The banking groups plan to submit amendment recommendations, indicating that the legislative text remains pending, reminiscent of the FIT21 law stalled in 2024.
DISCOVER: CLARITY Act News – How banking groups are pushing back against Stablecoin provisions
CLARITY Act News: Why the risk of delay is structurally real
🚨 This is one of the most important weeks for cryptocurrency regulation in years.
The Clarity Act is officially headed for a mark-up vote by the Senate Banking Committee on Thursday (8:00 p.m. IST).
This would be the FIRST committee vote on a comprehensive bill on the structure of the US crypto market.What is… pic.twitter.com/OXEXa6GqUb
– Wise Advice (@wiseadvicesumit) May 11, 2026
The banking industry’s opposition to the CLARITY Act reflects both competitive anxiety about stablecoin issuance and concerns about systemic risk. This distinction is crucial for anticipating how the amendment process will unfold. Banks that lose market share to yield stablecoins are likely to manipulate the regulatory framework to their advantage.
Midterm election schedule adds to pressure; failing to advance the bill before November 2026 could reset legislative efforts. Analysts at Baker McKenzie note that the current impasse indicates political and structural challenges that favor traditional institutions and create ambiguity for crypto-native businesses.
The impact on Layer 1 ecosystems like Solana and Avalanche is significant, as they face continued regulatory uncertainty without the clarity that the CLARITY Act could provide, making it unlikely that their valuations will improve solely through enforcement guidance.
Bitcoin Price Analysis: Scaramucci’s Cyclical Thesis and the $79,000 Support Question
Scaramucci recently offered a detailed analysis of the Bitcoin price situation, noting that the current decline to around $79,000, down around 43% from its October 2025 peak of over $126,000, represents a cyclical market correction aligned with the four-year halving cycle established by Bitcoin.
He views this price action as a retest of a key support zone, not a break in the macro uptrend, which is crucial for institutional allocators deciding whether to increase or decrease exposure. Technical analysts view $78,920 as the critical support level to maintain this constructive outlook.
Scaramucci appears to align with a bearish regulatory timeline while maintaining a bullish outlook for Bitcoin, suggesting that while a multi-year delay in stablecoin regulation poses challenges for the crypto ecosystem, it does not undermine Bitcoin’s value as a non-sovereign store of value driven by halving cycle dynamics and institutional flows.
$BTC is finally breaking out of its long-term downward trend.
We have just regained the $81,000 level and momentum is starting to pick up. The chart now looks set to move towards $92,000 and potentially into the six-figure range if this breakout holds.
Major resistance turned into… pic.twitter.com/UsgVAiWivV
– Crypto King (@CryptoKing4Ever) May 11, 2026
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Congressional and Industry Response: What Stablecoin Regulatory Impasse Reveals About Fragile Consensus
The collapse of momentum around the CLARITY Act in January 2026 revealed what Baker McKenzie analysts publicly characterized as a fragile industry consensus, in which crypto-native stakeholders and banking incumbents had not, in fact, reached lasting agreement on the most economically consequential provisions for each side, despite the appearance of bipartisan progress following the House vote.
Stablecoin regulation, particularly whether yield-producing instruments issued outside the traditional banking perimeter should receive the same supervisory treatment as bank deposits, remains the main fault line.
The conditions under which the bill could advance before the midterm deadline are identifiable, if not easily achievable: Banking groups would either have to withdraw their amendment requests or obtain textual changes acceptable to crypto industry stakeholders, including Circle and Coinbase, without triggering a corresponding withdrawal of support for the crypto sector, a narrow negotiating corridor that has already collapsed once.
Whether the Senate Banking Committee will reschedule a markup, and under what revised legislation, will be the most reliable leading indicator of whether Scaramucci’s two-to-three-year projection proves accurate or overestimated.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. Hailing from crypto since 2017, Daniel leverages his experience in on-chain analytics to write evidence-based reports and in-depth guides. He holds certifications from the Blockchain Council and is dedicated to providing “insight gain” that overcomes market hype to find real utility for blockchain.
